AppBank Inc. announced a private placement of 2,111 11th stock acquisition rights at an issue price for gross proceeds of Ñ30,398,400 on December 23, 2022. The transaction will include participation from CANDY A GO GO Co., Ltd. The company is expected to close the transaction on January 11, 2023. The transaction has been approved by the board of directors of the company.

The company will receive funding through third-party allotment.