Orbitech Co., Ltd. announced that it will issue 2,341,372 shares of par value, KRW 500 at a price of KRW 4,271 per share for gross proceeds of KRW 9,999,999,812 on December 23, 2022. The transaction will include participation from GENENCELL Co., Ltd., and Jin Woo Park. The company will issue shares through third party allocation increase.

The payment date for shares is January 6, 2023. The transaction has been approved by board of directors of the company. The shares are subject to a mandatory hold period of one year.

The total number of shares issued prior to transaction are 27,068,824 shares.