Nuon Co., Ltd. announced a private placement of 10,135,134 common shares at a price of KRW 296 per share for the gross proceeds of KRW 2,999,999,664 on June 24, 2024. The transaction will include participation from new individual investors Kim Deokyoung and Kim Daesong for 5,067,567 shares each. The transaction has been approved by the shareholders of the company and shares are restricted to a hold period of 1 year.

The transaction is expected to close on July 2, 2024.