Sangji Caelum, Inc. announced a private placement of 10,884,353 common shares having a par value of KRW 500 per share at an issue price of KRW 1,470 per share for gross proceeds of KRW 15,999,998,910 on July 5, 2021. The transaction will include participation from returning investor, JOONGANG DNM Co.,Ltd. and CGI Holdings Co., Ltd. The payment date is on July 15, 2021 and expected date of issuance of shares is July 30, 2021 for the transaction. The transaction has been approved by the board of directors of the company.

The company will issue shares using third party allocation method. The shares are subject to a hold period of one year from the date of issuance.