SL Vionics Co., Ltd. announced a private placement of 7,168,458 common shares at a issue price of KRW 279 per share for the gross proceeds of KRW 1,999,999,782 on December 6, 2022. The transaction will include participation from Lucid Holdings Co., Ltd. The shares will be issued through third party allotment method. The shares issued in the transaction hold a lock up period of one year.

The transaction is expected to close on December 20, 2022. The listing date of the share is January 10, 2023.