Studio Santa Claus Entertainment Co., Ltd. announced a private placement of 1,841,620 shares at an issue price of KRW 2,715 for gross proceeds of KRW 4,999,998,300 on June 30, 2021. The payment date of the transaction is July 8, 2021. The shares have a par value of KRW 100.

The transaction will include participation from returning investor SL Vionics Co., Ltd. (KOSDAQ:A214310), who will subscribe to 1,104,972 shares for proceeds of KRW 2,999,998,980 and Nex ID Lab Inc., who will subscribe to 736,648 shares for proceeds of KRW 1,999,999,320. The transaction has been approved by the board of directors of the company. The shares to be issued in the transaction will be subject to a hold period of one year.

The shares will be issued pursuant to 3rd party allocation increase method.