The E&M Co., Ltd. announced a private placement of 3,606,557 shares at an issue price of KRW 610 per share for gross proceeds of KRW 2,199,999,770 on March 2, 2022. The transaction included participation from Hwanryul Shin. The company is raising funding through 3rd party allocation increase.

All securities issued in the transaction have a hold period of one year. The transaction has been approved by the board of directors.