Ameridge Corporation announced a private placement of 611,433 common shares at a price of KRW 3,271 per share for gross proceeds of KRW 1,999,997,343 on June 11, 2021. The transaction will include participation from Seong-ik, Hong. Post the closing, the number of shares will increase from 27,876,526 to 28,487,959. The shares will be issued at a premium. The shares will be issued through third party allotment. The shares will have a lock up period of one year. The payment date is June 21, 2021. The transaction has been approved by the board of directors of the company.