RBW, Inc. announced a private placement of unsecured private placement convertible bonds for gross proceeds of KRW 15,000,000,000 on August 29, 2023. The bonds carry an interest rate of 0% and maturing on December 29, 2028. The bonds are fully convertible into 2,072,395 common shares at an issue conversion price of KRW 7,238 between the period starting from December 30, 2024 and ending on November 29, 2028.

The transaction has been approved by board of directors of the company. The expected date of payment is December 29, 2023.