G Enone Energy Co., Ltd. announced a private placement of 5,567,927 common shares at a issue price of KRW 2,245 per share for the gross proceeds of KRW 12,499,996,115 on November 10, 2022. The transaction will include participation from N2Tech Co.,Ltd, Lithium Korea Co., Ltd. and ND Investment Co., Ltd. The shares are allotted through third party allotment method. The transaction has been approved by shareholders of the company.

The transaction is expected to close on December 21, 2022.