Vessel Aerospace Co., Ltd. announced a private placement of 165,000 common shares of face value of KRW 5,000 per share issue at a price of KRW 20,000 per share for gross proceeds of KRW 3,300,000,000 on December 9, 2020. The transaction will include participation from returning investor Vessel Co., Ltd. (KOSDAQ:A177350). The company will issue shares through a third party allotment method. The transaction is expected to close on December 24, 2020. The transaction has been approved by the board of director's of the company.