Cosnine Co., Ltd announced a private placement of 10,000,000 common shares at a price of KRW 500 per share for the gross proceeds of KRW 5,000,000,000 on April 30, 2024. The transaction will include participation from new investor Jung Minseop. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on June 7, 2024. The shares are restricted to ahold period of 1 year.