ROBOTIS Co., Ltd. announced a private placement of 255,060 convertible preferred shares at an issue price of KRW 19,603 per share for gross proceeds of KRW 4,999,941,180, series 2 Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for gross proceeds of KRW 6,000,000,000, series 3 Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for gross proceeds of KRW 19,000,000,000 for aggregate gross proceeds of KRW 29,999,941,180 on June 17, 2022. The transaction will include participation from Shinhan Investment Corp., Investment Arm for 51,012 shares and KRW 1,000,000,000, Kiwoom Securities Co., Ltd., Investment Arm for 76,518 shares and KRW 1,500,000,000, ASEM KOSDAQ Venture Plus General Private Equity Trust No. 8 for 51,012 shares and KRW 1,000,000,000 and Cape KOSDAQ Venture General Private Equity Trust for 25,506 shares and KRW 1,500,000,000.

The shares are convertible into 255,060 shares at an conversion price of KRW 19,603 per share and are convertible from June 27, 2023 and will end on June 26, 2027. The bonds will carry no interest rate and will mature on June 24, 2027. The bonds are 100% convertible into 270,562 shares at an conversion price of KRW 22,176 per share.

The bonds will start conversion from June 24, 2023 and will end on May 24, 2027. The transaction is expected to close on June 27, 2022 for common share and June 24, 2022 for convertible bonds. The company will receive funding through third party allotment of shares.

The transaction was approved by the board of directors of the company. The shares to be issued will have a hold period of one year.