COSMOTECH Co., Ltd. announced a private placement of 14,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 7,000,000,000 on October 25, 2021. The transaction will include participation from returning investor ABCO Electronics Co., Ltd. to retain its 100% stake in the company. The company will issue 0.4117647 shares per 1 existing share.

The payment date and the subscription date is October 27, 2021. The company will raise funding through shareholder allocation increase method. The transaction has been approved by the board of directors of the company.