EnRack Technology Inc. announced a placement of not more than 14,400,000 common shares at an issue price of TWD 10 per share for gross proceeds of TWF 144,000,000 on April 11, 2023. The transaction included participation from returning investor, Senao Networks, Inc. for 14,400,000 shares. The transaction has been approved by the board of directors of Senao Networks, Inc.