INFOMARK Co., Ltd announced a private placement of 601,806 common shares at an issue price of KRW 4,985 per share for proceeds of KRW 3,000,002,910 on January 12, 2023. The transaction will include participation from TDI Co., Ltd. The securities will be issued pursuant to 3rd party allotment method. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on January 20, 2023. The securities will be subject to a hold period of 1 year.