B.U Technology announced a private placement of 14,563,106 common shares at a price of KRW 206 per share for the gross proceeds of KRW 2,999,999,836 on March 28, 2024. The transaction will include participation from new investor GEM GLOBAL YIELD LLC SCS. The transaction has been approved by the shareholders of the company and is expected to close on April 12, 2024.

The shares are restricted to a hold period of 12 months.