Robo3 Co.,Ltd. announced a private placement of round 1st Bearer Type Non-Guaranteed Private Equity Convertible Bond for gross proceeds KRW 2,000,000,000 on May 20, 2022. The transaction included participation from NSN Co., Ltd. The bonds will bear surface interest rate of 2% per annum and maturity rate of 3% per annum. The bonds will mature on May 20, 2025.

The bonds are 100 convertible into 1,546,790 common shares representing 9.19% stake at a fixed conversion price of KRW 1,293 per share from May 20, 2023, to May 13, 2025. The transaction is approved by the board of directors of the company.