Seouleaguer Co., Ltd announced a private placement of 10,869,565 common shares at an issue price of KRW 920 per share for gross proceeds of KRW 9,999,999,800 on March 14, 2022. The transaction will include participation from returning investor SeSim Co., Ltd. The shares are subject to hold period of one year. The transaction has been approved by the board of directors.

The shares will be issued at a discount of 4.45%. The transaction is expected to close on June 10, 2022.