Obigo Inc. announced a private placement of 112,600 shares at an issue price of KRW 7,780 per share for proceeds of KRW 876,028,000 on November 14, 2022. The transaction will include participation from Obigo Inc. Employee Stock Ownership Association for 103,300 shares, Doyeon Hwang for 6,300 shares and Taean Oh for 3,000 shares. The transaction is expected to close on November 25, 2022.

The transaction was approved by the board of directors of the company. The company will receive funding through 3rd party allocation.