EXT Co.,Ltd. (KOSDAQ:A226360) announced a private placement of 4,385,965 common shares at an issue price of KRW 1,140 per share for gross proceeds of KRW 5,000,000,100 on March 24, 2020. The transaction will involve participation from returning investor JangWonTech Co., Ltd. (KOSDAQ:A174880). The shares will be issued through third party allotment, will carry a face value of KRW 100, and will be issued at a premium.

The shares have a hold period of one year. Post the closing of the transaction, the shares of the company will increase from 29,352,025 to 33,737,990 shares. The transaction is expected to close on June 29, 2020.

The schedule listing date of the shares will be July 14, 2020. The transaction was approved by the board of directors of the company.