WIZIT Co., Ltd. (KOSDAQ:A036090) announced a private placement of 4,420,218 common shares at a price of KRW 1,009 per share for gross proceeds of KRW 4,459,999,962 on December 15, 2020. The transaction will include participation from new investor Global Tax Free Co., Ltd. (KOSDAQ:A204620). The common shares have a par value of KRW 500 per share, and will be issued at premium.

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. The transaction has been approved by the board of directors of the company.

The payment date is December 23, 2020.