FOCI Fiber Optic Communications, Inc. announced a private placement of 9,000,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 90 million on August 3, 2023. The transaction will include participation from returning investors as well as employees of the company for 7,500,000 shares and 1,500,000 shares respectively. The transaction has been approved by the shareholders of the company.