Curexo Inc. (KOSDAQ:A060280) announced a private placement of round 2 non-guaranteed private equity convertible bonds for gross proceeds of KRW 15,000,000,000 on May 13, 2021. The bonds do not carry any coupon. The bonds will mature on May 20, 2026. The transaction will include participation from new investors Korea Investment & Securities Co., Ltd., Investment Arm and Global Robot Healthcare New Technology Business Fund. The bonds are 100% convertible into 1,434,165 common shares at a price of KRW 10,459 per share. The conversion period of the bonds is from May 20, 2022 to April 20, 2026. The transaction is expected to close on May 20, 2021. The transaction has been approved by the board of directors of the company.