WIZIT Co., Ltd. announced a private placement of 2,079,866 common shares of par value KRW 500 per share, at an issue price of KRW 1,202 per share for gross proceeds of KRW 2,499,998,932 on January 20, 2022. The transaction will include participation from returning investor Eyesvision Corp. The company will raise the funding through third party allotment.

The total number of shares issued before the closing of the transaction is 90,231,385 shares. All securities to be issued will be subject to a hold period of one year. The transaction has been approved by the board of directors of the company, and is expected to close on March 3, 2022.