Robo3 Co.,Ltd. announced a private placement of 2,272,728 shares at an issue price of KRW 550 per share for a gross proceeds of KRW 1,250,000,400. The transaction will include participation from Jmackem & 2Nd Technology Investment Association for 545,455 shares, Iron Media Co., Ltd. for 363,637 shares, individual investors, Goeun Choi for 272,727 shares, Sungrok So for 272,727 shares, Junho Lee for 363,636 shares, Hanhyung Lee for 181,818 shares, Hyojae Lee for 181,818 shares and Kichan Hwang for 90,910 shares. The company issued shares through third party allocation method.

The transaction is expected to close on March 17, 2023. The transaction has been approved by the board of directors.