ITX-AI Co., Ltd. announced a private placement of 10,000,000 common shares at the price of KRW 5,000 per common share for gross proceeds of KRW 5,000,000,000 on October 21, 2022. The company issued shares through third party allocation method. The shares will be locked up till November 28,2022.

The payment date for the transaction is October 25, 2022. The transaction has been approved by the board of directors of the company.