KH Electron Co.,Ltd announced a private placement of 2,453,988 shares at issue price of KRW 815 per share for gross proceeds of KRW 2,000,000,220 on August 24, 2021. The transaction will include participation from returning investor, Gunha Holdings Co., Ltd. The company will raise funds through third party allocation increase. The transaction is expected to close on December 24, 2021.

The transaction has been approved by the board of directors of the company. The shares are subject to a hold period of one year from the closing of the transaction.