Avikus Co., Ltd. announced a private placement of 9,900 common shares at a price of KRW 1,818,181.818182 per share for gross proceeds of KRW 18,000,000,000 on February 6, 2024. The transaction will include participation from returning investor, HD Hyundai Co., Ltd., to retain its 100% stake in the company. The company is issuing shares through shareholders allocation method.

Post the closing, the total investment amount by the investor will be KRW 57,000,000,000. The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 19, 2024.