Xperix Inc. announced a private placement to issue Series 4 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 4,000,000,000 on May 22, 2024. The transaction will include participation from returning investors KB Securities Co., Ltd. (In the position of fiduciary of Fund 1) for KRW 3,300,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 2) for KRW 200,000,000 and Shinhan Bank (In the position of trustee of Fund 3) for KRW 500,000,000. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on May 23, 2024.

The bonds are 100% convertible into 848,356 shares at a fixed conversion price of KRW 4,715 from May 23, 2025 to April 23, 2027. The bonds bear zero coupon rate, 3% maturity rate and matures on May 23, 2027.