HYSONIC Co., Ltd. announced a private placement of 1,010,102 shares at issue price of KRW 9,900 per share for gross proceeds of KRW 10,000,009,800 on May 17, 2023. The transaction will include participation from KL Fund 1 for 757,576 shares and JSPINC Co., Ltd. for 252,526 shares. The shares to be issued shall have a hold period of 1 year from the closing of the transaction.

The transaction is expected to close on July 6, 2023. The transaction has been approved by the board of directors of the company.