Korea Robot Manufacturing Co.,Ltd. announced a private placement to issue Series 5 Unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 20,000,000 on April 28, 2023. The transaction will include participation from returning investor Ghost Robotics Technology Co., Ltd. for KRW 6,000,000,000 and new investor Gemopiainvest Co. Ltd. for KRW 14,000,000,000.

The transaction has been approved by the shareholders of the company and is expected to close on July 14, 2023. The bonds bear 0% surface rate and 1% yield to maturity. The bonds are 100% convertible into 2,301,495 shares ta a fixed conversion price of KRW 8,690 from July 14, 2024 to June 13, 2026 and will mature on July 14, 2026.

The bonds are restricted to a hold period of one year.