Hitron Systems Inc. announced a private placement of 2,148,995 shares at an issue price of KRW 2,792 per share for gross proceeds of KRW 5,999,994,040 on February 23, 2022. The transaction will include participation from Asia Mirae Fund 2. The company is raising funding through 3rd party allocation increase method. The payment date is May 31, 2022.

All securities issued in the transaction have a hold period of one year. The transaction has been approved by the board of directors.