GI Innovation, Inc. announced a private placement of 606,060 common shares at a price of KRW 33,000 per share for gross proceeds of KRW 19,999,980,000 on April 2, 2021. The transaction will include participation from iMarketKorea Inc. (KOSE:A122900) through third-party allocation. The transaction has been approved by the board of directors of the company.

The payment date is on April 19, 2021.