GaeaSoft Corp. announced a private placement of 899,875 common shares at a price of KRW 16,669 per share for gross proceeds of KRW 15,000,016,375 on January 26, 2022. The transaction will include participation from Young-jun Kim.

The shares have a par value of KRW 500 per share. The company will receive funding through third party allotment of capital. The transaction has been approved by board of directors of the company and is expected to close on February 3, 2022.

The shares issued are subject to restriction period of one year from issuance.