K-square Data Center PFV Co., Ltd. announced a private placement of 4,000,000 class 4 shares at a price of KRW 10,000 per class 4 share for total gross proceeds of KRW 40,000,000,000 on July 1, 2022. The transaction will include participation from returning investor LF Corp. The company will issue shares through third-party allocation increase.

Post the closing of the investor will hold 66.9% stake in the company. The transaction has been approved by the board of directors of the company. The payment date is July 7, 2022.

The company will issue shares at par value of KRW 10,000.