DigiCAP Co., Ltd. announced a private placement to issue up to 3,416,300 common shares at an issue price of KRW 4,098 per share for the gross proceeds of KRW 13,999,997,400 on March 11, 2024. The transaction will include participation from new investor, Korea Rental Corporation. The company will issue shares through third-party allotment.

The transaction is expected to close on March 28, 2024. The transaction has been approved by the board of directors of the company.