Hancom MDS Inc. announced that it will issue series 1 Bearer type unsecured private placement convertible bonds for gross proceeds of KRW 10,000,000,000 on July 27, 2022. The transaction will include participation from Chorokbaem Metaverse New Technology Association No. 1. The bonds will carry an interest rate of 0% and will mature on August 30, 2025. The bonds are 100% convertible into 607,902 shares at a conversion price of KRW 16,450 per share. The bonds will start conversion from August 30, 2023, and end on July 30, 2025. The transaction is expected to close on August 30, 2022. The transaction is approved by the board of directors of the company.

On January 3, 2023, the company announced that the bonds are 100% convertible into 1,519,756 shares at a conversion price of KRW 6,580 per share.