Robo3 Co.,Ltd. announced a private placement of 3,759,398 shares at an issue price of KRW 532 per share for proceeds of KRW 1,999,999,736 on December 22, 2022. The transaction will include participation from J-Space Holdings Co., Ltd. for 1,879,702 shares, Byun, Joo Hyun for 751,879 shares, Song, Ha Yul for 375,939 shares, Park, Young Geun for 375,939 shares and Kang, Min Ji for 375,939 shares. The transaction is expected to close on December 30, 2022.

The transaction was approved by the board of directors of the company. The company will receive funding through 3rd party allotment.