SD Biotechnologies Co., Ltd. announced a private placement of 3rd series unregistered coupon guaranteed private convertible bond for gross proceeds of KRW 20,000,000,000 on December 19, 2022. The transaction will include participation from new investor, Sangsaeng Communications Co., Ltd. The bonds carry an interest rate of 2% and yield to maturity of 5% and will mature on January 20, 2028. The bonds will be fully convertible into 11,764,705 common shares at a fixed conversion price of KRW 1,700 per share between the period of January 20, 2024 to December 20, 2027.

The payment date is January 20, 2023. The transaction has been approved by the board of directors of the company.