DandiBioscience, Inc. (XKON:A343090) announced that it will issue round 3 non-guaranteed private equity convertible bonds with bearer food vouchers for gross proceeds of KRW 8,400,000,000 on June 15, 2021. The transaction will include participation from 21-07 Cyclamen New Technology Association No. 38-Eastgate Investment Co. , Ltd. for 2,000,000,000, Green Marine No. 1 Fund for 4,000,000,000, Jihoon Park for 2,000,000,000, Dong-ho Dong for 100,000,000, along with executives In-deok Jeong and Yong-joo Kim and Young-min Park for 50,000,000 each. The transaction will also include participation from Won-jin Kwon, Jin-wook Baek and Ji-won Kang for 50,000,000 each. The bonds will be issued at par. The bonds carry a coupon rate of 1% with a yield to maturity of 2% per annum. The bonds will mature on July 07, 2024. The bonds are convertible into 957,041 common shares of the company at a fixed conversion price of KRW 8,777 per share from July 07, 2022 to June 07, 2024. The date of subscription is June 17, 2021 and expected date of payment is July 07, 2021. The transaction is approved by the board of directors of the company. The bonds are subject to prohibition of conversion and division of rights for one year from the date of issue of bonds.