SangSang Stay Inc. announced a private placement of 6,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 30,000,000,000 on November 2, 2022. The transaction will include participation from returning investor, KT&G Corporation. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on January 17, 2023.