Kapjin Co., Ltd. announced a private placement of 870,000 common shares at KRW 11,500 per share for gross proceeds of KRW 10,005,000,000 on March 30, 2022. The transaction will include participation from existing investor Nsys Co., Ltd. The transaction is by way of third party capital increase. The payment date for the shares is expected on April 05, 2022.

The transaction has been approved by board of directors of the company.