Sang-A America Inc. announced a private placement of 1,070,000 common share at an issue price of KRW 13,169 for the gross proceeds of KRW 14,090,830,000 on March 15, 2024. The transaction will include participation from returning investor Sang-A Frontec Co.,Ltd. The transaction is approved by board of directors. The transaction is expected to close on March 18, 2024.