JOONGANG DNM Co.,Ltd announced a private placement 2,890,000 shares at issue price of KRW 1,730 per share for a gross proceeds of KRW 4,999,700,000 on February 15, 2023. The transaction will include participation from new investor, GP Club Co., Ltd. for 2,890,000 shares. The company issued shares through third party allocation method.

The transaction is expected to close on March 27, 2023. The transaction has been approved by the board of directors.