WIZIT Co., Ltd. announced a private placement of 6,720,430 common shares at the price of KRW 744 per share for gross proceeds of KRW 4,999,999,920 on December 4, 2023. The transaction will include participation from new investor Jsi Holdings Co., Ltd. The company will issue shares of par value of KRW 500 per share through third party allocation capital increase method. The shares will be locked up for a period of one year.

Post closing, the total number of shares issued will increase from 111,671,854 shares to 118,392,284 shares. The transaction has been approved by board of directors of the company.