KidariStudio, Inc. announced a private placement of 1,378,600 shares at issue price of KRW 17,290 per share for gross proceeds of KRW 23,835,994,000 on January 21, 2022. The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 25, 2022.

The shares to be issued shall have a hold period.