Xperix Inc. announced a private placement to issue Series 1 Bearer Interest Unsecured Private Placement Convertible Bonds for gross proceeds of KRW 20,000,000,000 on October 17, 2023. The transaction will include participation from new investors such as Gluon Bond Investment Day and Geoenergy Link Co., Ltd. The bonds are 100% convertible into 4,781,257 common shares at a fixed conversion price of KRW 4,183 from a conversion period of December 17, 2024 and end to November 17, 2026. The bonds will mature on December 17, 2026.

The transaction is expected to close on December 17, 2023. The transaction has been approved by the board of directors of the company.