MEDIANA Co.,Ltd announced a private placement of 3,681,814 common shares at an issue price of KRW 6,460 per share for gross proceeds of KRW 23,784,518,440 on November 20, 2023. The common shares have a face value of KRW 500 per share. The transaction will include participation from new investors Selvas AI Inc. for 773,993 common shares mandatory retention of all for 1 year, SELVAS Healthcare, Inc. for 1,083,591 common shares mandatory retention of all for 1 year, Mediana Co., Ltd., Employee Stock Ownership Association for 740,639 common shares mandatory retention of all for 4years and other investors.

The company will issue shares through third party allocation method. The transaction has been approved by board of directors of the company. The payment date for the transaction is January 10, 2024.