JTC Inc. announced a private placement of 15,087,507 common shares at an issue price of KRW 3,314 per share for aggregate gross proceeds of KRW 49,999,998,198, on October 17, 2022. The transaction will include participation from Ascentazeo Private Equity Joint Venture Company for 15,087,507 shares. The method of capital increase will be through third party allotment.

The common shares will have a lock-up period of one year. The transaction has been approved by board of directors of the company. The expected date of payment is November 1, 2022.