bemyfriends Co., Ltd. announced announced that it will issue 158,334 common shares at an issue price of KRW 82,910 for aggregate proceeds of KRW 13,127,471,940 on May 2, 2022. The transaction was approved by the board of directors of the company. The transaction included participation from CJ OliveNetworks Co., Ltd. The securities are issued through cash acquisition method.

The transaction is expected close on May 13, 2022.