COSON Co., Ltd. announced a private placement of 19th Type Bearer Type Interest Part Anonymous unsecured private placement separable new share subscription warrant bonds for the gross proceeds of KRW 10,000,000,000 on July 11, 2024. The transaction will include participation from new investor KB-Nau Special Situation Corporate Financial Stability PEF a fund managed by Nau IB Capital, Investment Arm. The bonds will carry zero coupon rate,will mature on July 12, 2029 and will be 100% convertible into common shares of the company at a fixed conversion price of KRW 1,100 per share from July 12, 2025 to June 12, 2029.

The transaction has been approved by the board of directors of the company. The payment date is on July 12, 2024.