BLADE Entertainment CO.,LTD. announced that it will issue 1,536,098 common shares of par value, KRW 500 at a price of KRW 1,302 per share for gross proceeds of KRW 1,999,999,596 on June 21, 2023. The transaction will include participation from individual investor Sim, Hwa Seok. The company will issue shares through third party allocation increase.

The payment date for shares is July 4, 2023. The dividend date for new shares is January 1, 2023. The transaction has been approved by board of directors of the company.

The shares are subject to a mandatory hold period of one year. The total number of shares issued prior to transaction are 32,555,844 shares.