Hope, Inc. announced a private placement of 2,585,000 common shares at an issue price of Ñ226 for a gross proceeds of Ñ574,210,000 on December 23, 2022. The transaction will include participation from Change Inc. The company issued shares through third party allocation method. The transaction is expected to close on January 10, 2023.

The transaction has been approved by the board of directors.