Creative & Innovative System Corporation announced a private placement of 3,500,000 non-convertible preferred stock at a price or KRW 2,000 per share for gross proceeds of KRW 7,000,000,000 on December 31, 2021. The transaction will include participation from a financial investor. The company is raising funding through 3rd party allocation increase method.

The payment date is January 25, 2022. The transaction has been approved by the board of directors.