Commerce miner Co., Ltd. announced a private placement of 418,235 common shares at an issue price of KRW 2,391 for the gross proceeds of KRW 999,999,885 on November 18, 2022. The transaction will include participation from an individual investor Kim Da Woon. The company is raising funding through third party allocation.

The transaction has been approved by the board of directors. the transaction is expected to close on November 28, 2022. All securities issued will be subject to a hold period of one year.