Nano Chem Tech Inc. announced a private placement of 9,337,068 common shares at an issue price of KRW 1,071 for the gross proceeds of KRW 9,999,999,828 on October 17, 2022. The transaction will include participation from Trinity Equity Partners Co., Ltd. for 7,002,801 shares and Casa Solution for 2,334,267 shares. The transaction has been approved by the board of directors of the company.

Post the completion, Trinity Equity Partners Co., Ltd. will hold 100% stake in the company. The transaction is expected to close on February 15, 2023.