Genic Co., Ltd. announced a private placement to issue 968,680 common shares at an issue price of KRW 3,097 per share for the gross proceeds of KRW 3,000,001,960 on July 5, 2024. The transaction will include participation from returning investor Soulbrain Holdings Co., Ltd. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 15, 2024.