NSN Co., Ltd. announced a private placement of series 30 Unsecured privately placed convertible bonds with bearer interest type for gross proceeds of KRW 3,500,000,000 on December 28, 2022. The transaction included participation from Cosnine Co., Ltd. The bonds carry coupon rate of 3% and have Surface rate of 1%. The bonds will mature on December 28, 2025.

The bonds will be 100% converted into 4,342,431common shares representing 4.78% of the company at a fixed conversion price of KRW 806 per share. The conversion period is from December 28, 2023 to November 28, 2025.. The transaction has been approved by the board of directors of the company.