Nanos Co., Ltd. announced a private placement of series 6 non-guaranteed private equity convertible bonds with bearer type interest part for an aggregate gross proceeds of KRW 25,000,000,000 on November 16, 2021. The transaction includes participation from LK 3 Association for KRW 15,000,000,000 and IokCompany Co., Ltd. for KRW 10,000,000,000. The bonds carry rate of interest of 3.5% and will mature on January 20, 2026.

The bonds are fully convertible into 3,924,646 shares at conversion price of KRW 6,370 per share. The conversion period will start from January 20, 2023 and ends on December 20, 2024. The transaction is expected to close on January 20, 2022.

The transaction has been approved by the board of directors of the company.