NKMAX CO., Ltd. announced a private placement of 1,187,943 common shares at an issue price of KRW 11,280 per share for the gross proceeds of KRW 13,399,997,040 on October 20, 2023. The transaction will include participation from new investor Shoukang Group Limited. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on December 18, 2023. The shares are restricted to a hold period of 1 year.