Victex announced that it will issue 200,964 registered redeemable convertible preferred stock at a price of KRW 9,952 per share for gross proceeds of KRW 1,999,993,728 on April 4, 2024. The transaction include the participation from new investor Samsung Securities Co.,Ltd. The capital is issued through Third-party capital increase method. The shares can be 100% converted into 200,964 registered common stock for conversion price of KRW 9,952 per share.

The conversion period is from April 6, 2024 to April 5, 2034. The transaction is expected to close on April 5, 2024.