DMOA Co., Ltd announced a private placement 1,600,000 common shares at a price of KRW 808 per share for the gross proceeds of KRW 1,292,800,000 May 26, 2022. The transaction will include participation from Hyuk-soo Lee. The company is raising funding through third-party allocated capital increase method.

The transaction has been approved by board of directors. The company expects to close the transaction on June 3, 2022. All securities issued in the transaction have a hold period of one year.