DAVOLINK Inc. announced that it expects to receive KRW 10.999997636 billion in funding from H.S International Co., Ltd.
On the same date, the company announced the private placement of 623,052 common shares at an issue price of KRW 1,605 for the gross proceeds of KRW 999,998,460. The transaction will include participation from individual investors, Na Taewoong and Seongsuk Jeong for 311,526 shares each. The transaction has been approved by the shareholders of the company and is expected to close on December 20, 2023.