GnBS eco Co.,Ltd announced a private placement of 58,412 shares at a price of KRW 17,120 for a gross proceeds of KRW 1,000,013,440 on May 8, 2023. The transaction will include participation from individual investor, Jeong-gang Oh. The transaction issued shares through third party allocation method.

The transaction is expected to close on June 2, 2023. The transaction has been approved by the board of directors.