THiRA-UTECH CO., LTD. announced a private placement to issue 36,627 common shares at an issue price of KRW 54,605 for the gross proceeds of KRW 2,000,017,335 on September 22, 2023. The transaction will include participation from new investor Innopolis 2020 Technology Growth Fund, a fund managed by Innopolis Partners LLC for KRW 2,000,017,335. The transaction has been approved by the shareholders of the company and is expected to close on September 26, 2023.