Kakao Brain Corp. announced a private placement of 360,000 common shares at a price of KRW 100,000 per share for gross proceeds of KRW 36,000,000,000 on April 16, 2024. The transaction includes participation from returning investor Kakao Corp.

The transaction has been approved by the board of directors of the company. The payment date for the transaction is April 19, 2024.