CJ CGV America, Inc. announced that it will issue 140 common shares at an issue price of $50,000 for gross proceeds of $7 million in a round of funding on December 29, 2021. The transaction included participation from returning investor CJ CGV Co., Ltd. The transaction is expected to close on December 30, 2021. The transaction was approved by the board of directors of the company.

The securities are issued through capital increase method and cash contribution method.