Micopower Ltd. announced that it will issue 432,406 common shares at an issue price of KRW 92,506 for gross proceeds of KRW 40,000,149,436 on December 17, 2021.The transaction include participation from new investors KT&G Corporation for 32,430 shares, Kolon Investment, Inc for 48,645 shares., SL Investment for 43,240 shares, Korea Development Bank, Investment Arm for 108,101 shares, BSK Investment for 54,050 shares, Acuon Capital Corporation Investment Arm for 54,050 shares, KCLAVIS Investment Co., Ltd. for 21,620 shares, Aip Venture Partners Co., Ltd. for 70,270 shares. The transaction is expected to close on December 21, 2021. The transaction was approved by the board of directors of the company.

The securities are issued through third partly allotment method.