Metalabs Co., Ltd. announced a private placement of 50,000,000 common shares at a price of KRW 600 per share for gross proceeds of KRW 30,000,000,000 on June 24, 2022. The transaction has been approved by the board of directors of the company. The expected payment date of the transaction is July 4, 2022.

The shares are subject to a hold period of one year.