Innowireless Co., Ltd. announced a private placement of 866,302 common shares at an issue price of KRW 30,450 for a gross proceeds of KRW 26,378,895,900 on January 2, 2023. The transaction will include participation from returning investor, LIG Corp. The company issued shares through third party allocation method.

The transaction is expected to close on January 10, 2023. The transaction has been approved by the board of directors of the company.