Semisysco Co., Ltd. announced a private placement of series 2 unregistered nonguaranteed nondetachable private bond with warrant for gross proceeds of KRW 20,000,000,000, series 1 unregistered coupon non-guaranteed private convertible bond for gross proceeds of KRW 20,000,000,000, and 1,127,535 common shares at issue price of KRW 6,172 per share for gross proceeds of KRW 6,959,146,020; for an aggregate gross proceeds of KRW 46,959,146,020 on May 31, 2021. The transaction will involve participation from, Moneta Edison Global Hedge Fund, for series 2 bond with warrant, Han & Kim Co., Ltd for series 1 and new investor, HLB Life Science Co., Ltd. for common shares. The series 1 and series 2 bonds will bear 1% interest rate. The series 2 bond will mature on September 30, 2024 and series 1 bond will mature on July 30, 2024. The series 1 and series 2 bonds are 100% convertible into 2,801,512 shares at a fixed conversion price of KRW 7,139 per share. The conversion period for series 2 bond with warrant will start on September 30, 2022 and end on September 30, 2024 and the conversion period for series 1 bond will start on July 30, 2022 and end on June 30, 2024. The expected payment date for series 2 bond is September 30, 2021, for series 1 bond is July 30, 2021 and for common shares is June 15, 2021. The securities issued in the transaction are subject to one year hold period. The transaction has been approved by the board of directors of the company.

On June 07, 2021, the company announced a correction to the conversion period for series 2 bond. The conversion period for series 2 bond with warrant will start on September 30, 2022 and end on August 30, 2024.