Pegasus Vietnams Wing Machine Co.,Ltd. announced a private placement of common shares for gross proceeds of $4,000 on February 27, 2023. The transaction included participation from returning investor Pegasus Sewing Machine Mfg. Co., Ltd. The transaction has been approved by the board of directors of Pegasus Sewing Machine Mfg.

Co., Ltd. The transaction is expected to close in March 2023.