KH Feelux Co., Ltd. announced a private placement of 9,803,921 redeemable convertible preferred shares at an issue price of KRW 2,040 per share for gross proceeds of KRW 19,999,998,840 on June 9, 2022. The transaction will include participation from returning investor Meritz Securities Co., Ltd., Investment Arm. The company is raising funding through third party allotment method.

The payment date is June 17, 2022. The transaction has been approved by the board of directors. All securities issued in the transaction have a hold period of one year.