Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) announced a private placement of 5,000,000 shares at a price of KRW 9,000 per share for gross proceeds of KRW 45,000,000,000 on March 16, 2021. the transaction included participation from new investor, Com2uS Corporation (KOSDAQ:A078340). The capital increase is done through third party allocation increase method.

The transaction is expected to close by April 07, 2021. The transaction has been approved by the board of directors. The securities issued in the transaction will be subject to a lock up for one year.