Younghanlead Co Ltd announced a private placement of series 1 unregistered nonguaranteed private placement convertible bonds for gross proceeds of KRW 5,000,000,000 on March 29, 2023. The transaction included participation from new investor Sonid Inc.. The bonds will carry 0% coupon rate, 0% yield to maturity rate, will mature on April 26, 2026 and will be 100% convertible into common shares of the company at a fixed conversion price of KRW 250,000 per share from April 26, 2024 to April 25, 2026.

The transaction has been approved by the board of directors of the company. The payment date is on April 26, 2023.