Y2 Solution CO.,LTD announced a private placement of 12,000,000 common shares at an issue price of KRW 500 per share for gross proceeds of KRW 6,000,000,000 on September 30, 2021. The transaction will include participation from returning investor Derkwoo Electronics Co., Ltd. The company will raise funding through third party allocation method. Post the closing of the transaction, the investor will hold 32.66%s stake in the company.

The transaction has been approved by the board of directors of the company. The payment date is November 30, 2021.