N Citron, Inc. announced a private placement of 2,976,189 common shares at a price of KRW 504 per share for the gross proceeds of KRW 1,499,999,256 on June 28, 2024. The transaction will include participation from new individual investors Ok-sang Kim for 1,984,126 shares and Jiyeon Seong for 992,063 shares. The shares are restricted to ahold period of 1 year.

The transaction has been approved by the shareholders of the company and is expected to close on July 9, 2024.