Ecube Solution Co., Ltd. announced a private placement of 260,000 common shares at a price of KRW 5,000 each for gross proceeds of KRW 1,300,000,000 on April 28, 2022. The transaction will include participation from returning investor Hyundai Doosan Infracore Co., Ltd. The company is raising funding through Old shareholder preference method. The transaction has been approved by the board of directors of the company.

The payment date is May 19, 2022.