HYSONIC Co., Ltd. announced a private placement of Series 17 Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on February 23, 2024. The transaction will include participation from new investors such as Sangsangin Savings Bank, Sangsangin Plus Savings Bank Co.,Ltd. and Sangsangin Investment & Securities Co.,Ltd. The bonds will be 100% convertible into 1,926,782 shares at a conversion price of KRW 5,190 per share in a conversion period starting from February 28, 2025 and ending on January 28, 2027. The bonds will mature on February 28, 2027 and have a coupon rate of 1% and maturity interest rate of 7%.

The transaction is expected to close on February 29, 2024. The transaction has been approved by the shareholders of the company.