Nuintek Co.,Ltd. announced a private placement to issue Zero Coupon Series 16 Bearer Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 5,000,000,000 on May 29, 2024. The transaction will include participation from new investors Eugene Investment & Securities Co.,Ltd. for KRW 2,400,000,000, Mirae Asset Securities Co., Ltd. for KRW 1,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 1,000,000,000 and KB Securities Co., Ltd. (in the fiduciary position of "Asam Reliable KOSDAQ Venture General Private Equity Trust No. 5") for KRW 600,000,000.

The bonds bear zero coupon rate, 3% maturity rate and matures on May 31, 2029. The bonds are 100% convertible into 6,127,450 shares at a fixed conversion price of KRW 816 per share from May 31, 2025 to April 30, 2029. The transaction has been approved by shareholders and is expected to close on May 31, 2024.