HLB GLOBAL Co., Ltd. announced a private placement of series 30 Non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 8,208,000,000 on September 6, 2022. The transaction included participation from Share House Gong Myeong, Hyunjin Lee, Nfifteen Partners Co., Ltd., Yang-gon Jin, Seon-hee Kim, Jang-won Lee, Yoonji Lee, Matthew Chang, Hae-min Hae and Jin-soo Hwang. The bonds will carry a coupon rate of 2% and maturity rate of 2%.

The bonds will mature on September 6, 2025. The bonds will be fully convertible into 1,004,036 shares of the company at a price of KRW 8,175 per share between the period of September 6, 2023, to August 6, 2025. The transaction has been approved by the board of directors of the company.