Ace Technologies Corp. (KOSDAQ:A088800) announced a private placement of 1,442,072 common shares at a face value of KRW 500, issue price of KRW 22,329 at a discount of 10% for gross proceeds of KRW 32,200,025,688 on December 21, 2020. The transaction included participation form NV6 Holdings Co., Ltd. The transaction is expected to close on December 29, 2020. The securities are issued through third party allocation increase method. All the shares are subjected to one year hold period. The transaction has been approved by board of directors of the company.