ASTA Corporation has announced a private placement of 189,230 common stock at issue price of KRW 6,870 for gross proceeds of KRW 1,300,010,100 on December 22, 2023. The transaction includes investor participation of North Data Co., Ltd. for 189,230 shares. All the securities issued under the offering is subject to a hold period of one year.

The transaction is expected to close on December 30, 2023. The transaction has been approved by the board of directors of the company.