SILO Lab. announced a private placement of 50,000 shares at the price of KRW 33,400 per share for gross proceeds of KRW 12,024,000,000 on April 1, 2022. The face value of the shares is KRW 1,000 per share.

The transaction will include participation from new investors GIANTSTEP Inc. The method of issuance is third party allotment. The board of directors of the company has approved the transaction.