Iones Co., Ltd. announced a private placement of 3,849,000 common shares at an issue price of KRW 10,634 per share and at a par value of KRW 500 per share for gross proceeds of KRW 40,930,266,000 on December 3, 2021. The transaction include participation from Hansol Technics Co., LTD. The transaction is expected to close on January 14, 2022. The transaction was approved by the board of directors of the company.

The securities issued are subjected to one year hold period. The securities are issued through third part allotment method.