Dx & Vx Co., Ltd. announced a private placement to issue 1,324,047 common shares at a price of KRW 6,966 per share for the gross proceeds of KRW 9,223,311,402 on April 7, 2023. The transaction will include participation from Renaissance Asset Management Co., Ltd. for 1,161,000 shares, Lee Mi-ja for 9,296 shares, Jinyoung Seo for 60,801 shares, Jaehyun Kim for 26,563 shares, Cho Il-hyun for 26,559 shares, Nouveau International Co., Ltd. for 13,279 shares, Park So-yeon for 5,312 shares, Jeong Ja-woon for 4,647 shares, Youngjoo Kim for 4,647 shares, Youngjin Yang for 4,647 shares, Hyemin Kim for 4,647 shares and Uhm In-kyung for 2,649 shares. The company will issue shares through third-party allotment.

The shares have a face value of KRW 500 per share. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 31, 2023.

The shares are restricted to a hold period of one year.