Vuno Inc. announced a private placement of 1,690,042 preferred shares at a price of KRW 5,917 for gross proceeds of KRW 9,999,978,514 on November 30, 2022. The transaction will include participation from Mercury Secondary Investment Fund for 169,004 shares, Friend Secondary Fund for 169,004 shares, Korea Investment Trust Growth Fund for 253,506 shares, Korea Investment Growth Together Fund for 253,506 shares, Korea Investment Re-Up II Fund for 845,022 shares for 1 year lock period. The company is issuing shares through third-party allocation.

The preferred shares issued are converted into 1,690,042 common shares from conversion period starting from December 08, 2023 to November 08, 2027. The expected date of payment is December 8, 2022. The transaction is expected to be completed on December 8, 2022.

The transaction is approved by the board of directors of the company.