BYON Co., Ltd. announced a private placement and it will issue 5,686,433 common shares at an issue price of KRW 1,231 each for gross proceeds of KRW 6,999,999,023 on November 13, 2023. The common shares have a face value of KRW 500 per share. The transaction will include participation from new investor, CTM Co.

Ltd. The company will issue shares through third party capital increase. The common shares will be locked up for a period of one year. The payment date for the transaction is February 15, 2024.

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