Vulcan X Co., Ltd. announced a private placement of 3,225 common shares at an issue price of TWD 1,500 per share for gross proceeds of TWD 5,002,500 on March 1, 2024. The transaction will involve participation from new investor, Chamni's Eye Public Company Limited. The transaction has been approved by the board of directors.

The transaction is expected to close within Quarter 1, 2024.