YG-1 Co., Ltd. announced a private placement of 3,000,000 common shares at the price of KRW 6,500 per share for gross proceeds of KRW 19,500,000,000 on January 5, 2024. The transaction will include participation from new investor IMC Benelux BV. 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 30,573,819 shares to 33,573,819 shares. The transaction has been approved by board of directors of the company.

The payment date for the transaction is January 30, 2024.