GIANTSTEP Inc announced a private placement of 125,523 common shares at a price of KRW 23900 per common share for gross proceeds of KRW 2,999,999,700 on December 5, 2022. The transaction will include participation from Tripbtoz, Inc. The company issues shares through third-party allotment. The transaction is expected to close on December 13, 2022.

The transaction has been approved by the board of directors of the company.