JOONGANG DNM Co.,Ltd announced a private placement of 3,276,539 shares at issue price of KRW 3,052 per share for a gross proceeds of KRW 9,999,997,028 on March 30, 2023. The transaction will include participation from investor, Lochnagar Association. The company will issue convertible bonds in the transaction.

The maturity date of the bonds is April 28, 2026. The transaction has been approved by the board of directors. The transaction is expected to close on April 28, 2023.