DA Technology Co.,Ltd. announced a private placement of 742,831 common shares of par value KRW 2,500 per share, at an issue price of KRW 6,731 per share for gross proceeds of KRW 4,999,995,461 on January 10, 2022. The transaction will include participation from Jongwook Lee, CEO of the company. The company will raise the funding through third party allocation method.

The total number of shares issued by the company before the transaction was 24,054,914 shares. All shares to be issued in the transaction will be subject to a lock-up period of one year. The transaction has been approved by board of directors of the company, and is expected to close on February 22, 2022.