HYSONIC Co., Ltd. announced that it will issue 625,000 common shares at a price of KRW 4,000 per share for gross proceeds of KRW 2,500,000,000 on November 14, 2022. The transaction will include participation from Daedeok-Orbit No.1 New Technology Fund for all shares issued. The company will receive funding through third party allocation increase.

The transaction has been approved by board of directors of the company and is expected to close on November 29, 2022. The shares issued will be subject to restriction period of one year from issuance. The shares in the transaction are having a par value of KRW 1,000 per share.