Hucentech Co., Ltd. announced a private placement of 8,064,520 common shares at a price of KRW 310 per share for the gross proceeds of KRW 2,500,001,200 on March 25, 2024. The shares will be issued through third party method of allotment. The transaction has been approved by the shareholders of the company and is expected to close on November 7, 2024.

The transaction will include participation from returning investor, Keunsol Co., Ltd.