SD System Co., Ltd. (KOSDAQ:A121890) announced a private placement of 9,009,009 common shares at a price of KRW 666 per share for gross proceeds of KRW 5,999,999,994 on December 16, 2020. The transaction will include participation from investor W Holding Company Co., Ltd. (KOSDAQ:A052300). The shares will be issued at a discounted rate of 9.88%.

The shares will be issued through a third party allotment method. The payment date of the transaction is March 31, 2021. The securities being issued are subject to a lock up period of 1 year.

The transaction has been approved by the board of directors of the company.