OPTRONTEC Inc announced a private placement of 1,344,820 common shares at issue price KRW 3,099 per share for gross proceeds KRW 4,167,597,180 on June 28, 2024. The transaction includes the participation from returning investor, Choisangho, Corp. The issuance is based on Third party allocation.

The transaction is expected to close on July 15, 2024. Securities is restricted for one year from the date of purchase.