Pinplay Co., Ltd. announced that it expects to receive KRW 999.912984 million in funding from Intellian Technologies, Inc., Eyesvision Corp.

Pinplay Co., Ltd. announced a private placement of 3,598 non-convertible preferred shares at a price of KRW 277,908 per non-convertible preferred share for gross proceeds of KRW 999,912,984 on December 21, 2023. The company will issue the securities on third party allotment basis. The transaction will include participation from new investors Intellian Technologies, Inc for 1,799 shares and Eyesvision Corp.

for 1,799 shares. The transaction has been approved by the shareholders of the company. The payment date of the transaction is January 5, 2024.