WIZIT Co., Ltd. announced a private placement of 4,914,004 common shares of par value KRW 500 per share, at an issue price of KRW 814 per share for gross proceeds of KRW 3,999,999,256 on June 16, 2022. The transaction will include participation from returning investors Eyesvision Corp. for 1,228,501 shares and JS Holdings Co., Ltd. for 3,685,503 shares.

The company will raise the funding through third-party allotment. All securities to be issued will be subject to a hold period of one year from issuance. The transaction has been approved by the board of directors of the company and is expected to close on September 30, 2022.