AT semicon Co., Ltd. announced a private placement of 30,000,000 common shares at the price of KRW 500 per share for gross proceeds of KRW 15,000,000,000 on March 8, 2024. The transaction will include participation from new investor Bill & Tree Fund. The company will issue shares of par value of KRW 500 per share through third party allocation method.

The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 72,278,403 shares to 102,278,403 shares. The transaction has been approved by board of directors of the company.

The payment date for the transaction is March 26, 2024.