SundayToz Corp. announced a private placement of 1,900,000 shares at an issue price of KRW 27,750 per share for gross proceeds of KRW 52,725,000,000 and Round 1 Bearer Type Non-Guarantee Non-Separable Private Placement Bonds with Warrants for gross proceeds of KRW 30,000,000,000 for aggregate gross proceeds of KRW 82,725,000,000 on December 20, 2021. The transaction is expected to close on January 25, 2022.

The shares will be issued pursuant to third-party allocation increase method. The transaction has been approved by the board of directors of the company. The shares issued will be subject to a hold period of one year.

The transaction will include participation from Wemade Innovation Co., Ltd.