Edisoninno Co., Ltd. announced a private placement of 1,141,031 shares having par value of KRW 500 at an issue price of KRW 8,764 for gross proceeds of KRW 9,999,995,684 on May 16, 2022. The transaction included participation from returning investor J-Space Holdings Co., Ltd. to retain 100% stake in the company. The transaction was approved by the board of directors of the company.

The transaction is expected to close on June 27, 2022. The company has issued securities trough third party allotment method.