Yanadoo Co.,Ltd announced a private placement of 20,378 preferred shares issued at KRW 1,472,166 per share for gross proceeds of KRW 29,999,798,748 on July 13, 2022. The transaction will include participation from Q Capital Partners Co., Ltd. The face value of the preferred shares is KRW 5,000 per share. The company will issue the securities through third party allocation method.

The company expects to close the transaction on July 28, 2022. The transaction was approved by the board of directors of the company.