SKY E&M Co., Ltd. announced that it will issue 13,962,672 shares at a price of KRW 2,786 per share for gross proceeds of KRW 38,900,004,192 on April 26, 2022. The transaction will include participation from returning investor Chorokbaem Media Co., Ltd. for 13,424,265 shares and Wooridul Huebrain Limited for 538,407 shares. The transaction is expected to close on May 9, 2022.

All securities will be subject to a hold period of 12 months from the date of issuance.