Studio Dragon Corporation announced a private placement of 44,313 common shares at a price of KRW 67,700 per share for gross proceeds of KRW 2,999,990,100 on November 8, 2022. The transaction will include participation from Park, Min-yeop. The transaction is expected to close on November 16, 2022.

The transaction was approved by the board of directors of the company. The securities to be issued have a hold period of one year. The company will issue securities through third party allocation increase.