Nsys Co., Ltd. announced a private placement to issue Series 3 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on April 25, 2024. The transaction will include participation from returning and new investor High YG Win-Win New Technology Investment Fund No. 2 for KRW 9,000,000,000 and Cornerstone Investment Partners Co., Ltd. for KRW 1,000,000,000.

The transaction has been approved by the shareholders, expected to close on April 29, 2024 and restricted to a hold period. The bonds are 100% convertible into 1,213,886 shares at a fixed conversion price of KRW 8,238 from April 29, 2025 to March 25, 2029. The bonds bear 0 coupon rate and 2% maturity rate and matures on April 29, 2029.