Commerce miner Co., Ltd. announced a private placement of 1,978,630 common shares of par value of KRW 100 each at a price of KRW 2,527 per share for gross proceeds of KRW 4,999,998,010 on July 18, 2022. The company is raising funding through third party allocation. The transaction will include participation from Lee, Eun-seok.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on August 2, 2022 and expected listing date is August 22, 2022. All securities issued will be subject to a hold period of one year.

The base price is KRW 2,807 and shares will be issue at a discount rate of 10%.