NSN Co., Ltd. announced a private placement of 13,000,000 common shares at a price of KRW 500 per share for the gross proceeds of KRW 6,500,00,000 on March 16, 2023. The company will issue shares through third party allocation increase. The transaction will include participation from Dae Heung Jung Ang Industrial Development Investment Co.,Ltd. The transaction has been approved by the shareholder's of the company.

The transaction is expected to close on April 28, 2023.