Ssial Food Inca announced a private placement to issue 26,666 Common Stock at a issue price KRW 15,000 for a gross proceeds of KRW 399,990,000 on December 1, 2023. The transaction will include participation from new investors, Sangbeom Lee. The shares are issued through Third party allocation.

The payment date of the transaction is December 11, 2023. The transaction has been approved by the board of directors of the company.