Rainbow Robotics Co.,Ltd. announced a private placement of 1,940,200 common shares at an issue price of KRW 30, 400 per share for the gross proceeds of KRW 58,982,080,000 on January 2, 2023. The transaction will include participation from Samsung Electronics Co., Ltd. The transaction has been approved by shareholders of the company. The shares are allotted through third party allocation method.

The transaction is expected to close on January 11, 2023.