HUVEXEL Co.,Ltd. announced a private placement of 268,454 common shares at an issue price of KRW 7,450 per share for gross proceeds of KRW 1,999,982,300 on October 1, 2021. The transaction will include participation from NSN Co., Ltd. The securities are issued through third party allotment. The transaction was approved by the board of directors of the company.

The shares are subject to a hold period of one year from the date of issue. The transaction is expected to close on October 12, 2021.