THE CODI Co.,LTD. announced a private placement to issue 607,287 common shares at a price of KRW 4,940 per share for gross proceeds of KRW 2,999,997,780 on July 19, 2023. The transaction will include participation from returning investor Lee Suk Industry Co Ltd for 607,287 shares. The transaction is expected to close on July 27, 2023.

The securities issued in the transaction are subjected to a hold period of 1 year. The company will raise the money through 3rd party allocation method.