AK Holdings, Inc. announced a private placement of series 3 non-guaranteed private exchange bond for gross proceeds of KRW 130,000,000,000 on September 2, 2022. The series 3 bonds will be convertible into 8,049,535 common shares at an issue conversion price of KRW 16,150 per share.

On November 14, 2022, the company announced that the series 3 bonds will be convertible into 8,637,873 common shares at an issue conversion price of KRW 15,050 per share.