Sacheon Aerospace Manufacturing Ind. Co., Ltd announced a private placement of 4,240,000 shares at a price of KRW 500 per share for the gross proceeds of KRW 2,120,000,000
on January 19, 2022. The transaction will include participation from returning investor Gaon Builders Co., Ltd. for 40,000 shares, new investor Vkeeper Company for 50,000 shares, also included participation from individual investor Cho, Kyung-eun for 135,000 shares, Kim, Tae-young for 135,000 shares, Oh, Sang-hyun for 135,000 shares, Wonjae Park for 135,000 shares, Junhyun Lee for 135,000 shares, Jo, So-hyung for 135,000 shares, Jung, Joo-hee for 135,000 shares, Park, Jin-soo for 135,000 shares, Seo, In-won for 135,000 shares and Kim, Yeon-ho 135,000 shares and other investors for 2,800,000 common shares. The shares will be issued at par. The company will raise funds through third party allocation method. The shares issued are subject to a hold period of one year. The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 24, 2022. The company will issue 1,440,000 shares on February 4, 2022 and the remaining 2,800,000 shares on February 24, 2022.