Skymoons technology, Inc. announced a private placement of 5,705,700 common shares at a price of KRW 1,315 per share for the gross proceeds of KRW 7,502,995,500 on April 29, 2024. The transaction will include participation from new investor Zoomwe Hong Kong New Energy Technology Co., Limited. The transaction has been approved by the shareholders of the company and is expected to close on July 1, 2024.

The shares are restricted to a hold period of 1 year.