TOBESOFT Co., Ltd. announced a private placement of 4,184,100 common share at an issue price of KRW 1,195 per share for gross proceeds of KRW 4,999,999,500 on March 17, 2022. The transaction include participation from Anipan BTS Co., Ltd for KRW 2,499,999,750 and Newgen Holdings Co., Ltd for KRW 2,499,999,750. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on May 26, 2022. The securities issued are subjected to one year holding period.