Metalabs Co., Ltd. announced a private placement of 7,017,543 common shares at an issue price of KRW 855 per share and for a par value of KRW 500 for gross proceeds of KRW 5,999,999,265 on November 25, 2021. The company will issue securities through third party allotment method. The transaction include participation from Liting Labs Co., Ltd. The transaction is expected to close on December 03, 2021. The transaction was approved by the board of directors of the company. The securities issued are subjected to one year hold period.