Widebrain CO.LTD. announced a private placement of 61,200 shares at issue price of KRW 4,900 per share for gross proceeds of KRW 299,880,000 on August 19, 2021. The transaction include participation from VAIV company Inc. for 10% stake in the company. The transaction is expected to close on August 31, 2021.

The transaction has been approved by the board of directors of the company.