Mobicontents Tech Inc. announced a private placement of 340,000 common shares of par value, KRW 5,000 at a price of KRW 50,000 per share for gross proceeds of KRW 17,000,000,000 on June 28, 2023. The transaction included participation from returning investor Mobidays Inc. The transaction has been approved by board of directors. The total number of shares issued prior to transaction are 80,000 shares.