On January 13, 2022, KNOTUS Co.,Ltd closed the transaction. The company amended the terms of the transaction, and issued series 2 bonds for gross proceeds of KRW 26,500,000,000, bringing the total gross proceeds raised in the transaction to KRW 81,100,000,000. The series 2 bonds included participation from Becca New Technology Association 128 for KRW 6,500,000,000, Apple Tree Investment Association for KRW 8,000,000,000, and Low Hills Investment Association for KRW 12,000,000,000.

The series 2 bonds are 100% convertible into 776,124 shares of the company, representing 9.21% stake, at a fixed conversion price of KRW 34,144 per share from January 13, 2023 to January 6, 2025.