ITOXI Corp. announced a private placement to issue 1,587,299 common shares at an issue price of KRW 1,260 per share for the gross proceeds of KRW 1,999,996,740 and 793,650 common shares at an issue price of KRW 1,260 per share for the gross proceeds of KRW 999,999,000; for aggregate total gross proceeds of KRW 2,999,995,740 on February 7, 2024. The transaction will include participation from individual investors Jaehyo Han 158,730 shares, Jinhoon Jin 79,365 shares, Hyunsoo Jin 79,365 shares, Younghoon Kim 277,777, Kim Ik-hyeon 198,412 shares and Changseop Lim 793,650 shares. The transaction has been approved by the shareholders of the company and is expected to close on February 16, 2024. The securities are restricted to a hold period of 1 year.

For 793,750 shares - The transaction will include participation from Changmo Yang and Seonggi Jeong for 396,825 shares each. The transaction is expected to close on February 26, 2024. The shares are restricted to a hold period of 1 year.