Dragonfly GF Co., Ltd announced a private placement of 10,067,114 shares at an issue price of KRW 745 per share for a gross proceeds of KRW 7,499,999,930 on February 8, 2023. The transaction will include participation from Citylabs Co.,Ltd. for 10,067,114 shares. The company issued shares through third party allotment method.

The transaction is expected to close on March 24, 2023. The transaction has been approved by the board of directors of the company.