COSMOTECH Co., Ltd. announced a private placement of 20,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 10,000,000,000 on May 25, 2021. The transaction will include participation from returning investor ABCO Electronics Co., Ltd. to retain its 100% stake in the company. Post the closing of the transaction, the number of shares will increase from 14,000,000 to 34,000,000.

The company will issue 1.4285714 shares per 1 existing share. The payment date and the subscription date is May 28, 2021. The transaction has been approved by the board of directors of the company.