NatureCell Co.,Ltd. (KOSDAQ:A007390) announced that it will receive KRW 10,000,000,000 in a round of funding on August 24, 2020. The company will issue series 3 non-guaranteed private equity convertible bonds with bearer interest in the transaction. The transaction will include participation from Las Bora Fund. The bonds will carry a fixed surface interest rate of 1% and interest to maturity of 1%. The bonds have a maturity date of August 26, 2023. The bonds are 100% convertible at a fixed conversion price of KRW 10,539 into 948,845 common shares from August 26, 2021 to July 26, 2023. The subscription date of the bonds is August 24, 2020. The transaction was approved by the board of directors of the company. The company expects to close the transaction on August 26, 2020.