Flask Co., Ltd. announced a private placement to issue 16,666,666 shares at an issue price of KRW 900 for the gross proceeds of KRW 14,999,999,400 on March 13, 2024. The transaction will include participation from new investor Human Wellness for 16,666,666 shares. The transaction has been approved by the shareholders of the company and is expected to close on March 18, 2024.

The securities are restricted to a hold period of 1 year.