BIFIDO Co., Ltd announced a private placement to issue 2nd bearer-type non-guaranteed private placement convertible bond for the gross proceeds of KRW 2,000,000,000 on November 28, 2023. The transaction has been approved by the shareholders of the company and is expected to close on November 29, 2023. The bonds will be converted in a conversion period from November 29, 2024 to October 29, 2028.

The bonds will mature on November 29, 2028.