BYON Co., Ltd. announced a private placement to issue Zero Coupon Series 42 Bearer Interest Unsecured Private Placement Convertible Bonds due June 26, 2027 for the gross proceeds of KRW 10,000,000,000 on June 13, 2024. The transaction will include participation from new investor NEURON Co., Ltd. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 26, 2024. The bonds bear zero coupon rate, 2% maturity rate and matures on June 26, 2027.

The bonds are 100% convertible into 9,487,666 shares at a conversion price of KRW 1,054 from  June 26, 2025 to May 26, 2027.