AhnLab, Inc. announced a private placement of 1,112,651 common shares at the price of KRW 66,890 per share for gross proceeds of KRW 74,425,225,390 on March 29, 2024. The transaction will include participation from new investor Site Ventures. The company will issue shares of par value of KRW 500 per share through third party allocation capital increase method.

The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 10,013,855 shares to 11,126,506 shares. The transaction has been approved by board of directors of the company.

The payment date for the transaction is June 27, 2024.