OceansBio prices private placement of 85,714 redeemable convertible preferred shares at KRW 10,500 each

• OceansBio set a KRW 899,997,000 private placement via a third-party allotment of 85,714 redeemable convertible preferred shares.
• Issue price KRW 10,500 per share; proceeds earmarked for working capital, including R&D and business operations.
• Shares allotted to Hitech Technology Development Commercialization Fund No. 3; payment due Oct. 22, 2026.
• Conversion price KRW 10,500; conversion ratio 100%; conversion window Oct. 23, 2026 to Oct. 21, 2036.
• Redemption period Oct. 22, 2029 to Oct. 22, 2036; redemption amount includes 6% annual compound interest, net of dividends.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OceansBio Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261014000342), on October 14, 2026, and is solely responsible for the information contained therein.