DNA Link, Inc. announced a private placement of 700,000 common shares at an issue price of KRW 3,000 per share for gross proceeds of KRW 2,100,000,000 on April 22, 2022. The transaction will involve participation from existing investor, Entermedia Co.,Ltd. The shares have face value of KRW 500. The shares are issued at a premium of 5.93%.

The shares issued in the transaction will have a hold period of 12 months from the date of issuance. The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 16,393,692 shares to 17,093,692 shares.

The payment date is May 17, 2022. The transaction has been approved by the board of directors of the company.