MPC plus Inc. announced a private placement to issue 674,764 common shares at an issue price of KRW 1,482 per share for the gross proceeds of KRW 1,000,000,248 on April 19, 2023. The transaction will include participation from returning investor Elim Fund. The transaction has been approved by the shareholders of the company and is expected to close on June 30, 2023.

The shares are restricted to a hold period of one year.