ITOXI Corp announced a private placement of 3,571,428 common shares at a price of KRW 700 per share for gross proceeds of KRW 2,499,999,600 on August 12, 2021. The transaction will include participation from returning investor Caremile Inc. for 1,428,571 shares, and new investor PangSky Corp for 2,142,857 shares. The shares will be issued at a premium of 25%. The transaction is expected to close on August 20, 2021. The company will issue shares through third party allotment. The shares issued in the transaction will be subject to hold period of one year. The transaction was approved by board of directors of the company.