INFINITY NT Co., Ltd announced a private placement 13,698,630 common shares KRW 876 per share for the gross proceeds of KRW 11,999,999,880 August 2, 2021. The transaction will include participation from returning investor Vivien Corporation. The company will raise the funds through third-party allocated capital increase method.

The transaction has been approved by board of directors. The company expects to close the transaction on August 11, 2021. The shares carry a hold period of one year.