Vessel Co., Ltd. announced a private placement of 1,516,793 common shares at an issue price of KRW 4,615 per share for the gross proceeds of KRW 6,999,999,695 on August 14, 2023. The transaction will include participation from participation from new investor O&B Partners Co., Ltd. The transaction has been approved by the shareholders of the company. The shares are restricted to a hold period of 1 year.

The transaction is expected to close on November 30, 2023.