Viva Republica Inc. announced that it will issue 10,479,812 class G convertible preferred shares at an issue price of KRW 50,500 per share for gross proceeds of KRW 529,230,506,000 on July 19, 2022. The transaction will include participation from The Korea Development Bank, Investment Arm for 1,980,198 shares, Altos Korea Opportunity Fund 5, L.P., a fund managed by returning investor Altos Ventures Management, Inc. for 742,574 shares, A-VVR 2022, LLC for 1,237,624 shares, A5J Ltd for 257,624 shares, ACF-1 Ltd for 216,404 shares, ACF-2 Ltd for 41,220 shares, AMFF Ltd for 17,184 shares, Kwangju Bank, Ltd., Investment Arm for 396,039 shares, Goodwater Infinity II, L.P. for 752,674 shares, and Goodwater Taehwa, L.P. for 130,000 shares, funds managed by returning investor Goodwater Capital, LLC for 752,674 shares, AMF-10 Holdings Limited for 257,624 shares, G LTP LLC for 71,620 shares, G Jbd Llc for 22,929 shares, G HSP LLC for 22,027 shares, G ERP LLC for 12,238 shares, KTBN 18 Venture Investment Fund, a fund managed by returning investor Daol Investment Co.,Ltd. for 99,010 shares, returning investor Greyhound Capital Partners III (Cayman), L.P. for 64,406 shares, Mirae Asset Securities Co., Ltd, investment arm for 59,405 shares, Finsight I LP Fund, a fund managed by FinSight Ventures for 51,525 shares and KPCB Holdings, Inc., a fund managed by returning investor Kleiner Perkins Caufield & Byers for 51,525 shares. new investors, Sal de Vida Korea Corporation for 2,970,297 shares, L&S ICT Value Up Fund 2-1, a fund managed by, L&S Venture Capital Corp.

for 138,613 shares, Pebblesinvestment Co., Ltd. and MW&Company Co.,Ltd through their fund, Pebbles-MW Fintech New Technology Investment Fund 1 for 30,604 shares. The round will also see participation from returning investors, JRP Viva-Toss Investors, L.P. for 509,626 shares, and new fund, returning investor, Harvest Growth Capital LLC through its returning fund, Harvest Claro, Llc for 74,223 shares and new funds, Harvest Growth Capital IV QP LLC for 149,972 shares, Harvest Growth Capital IV LLC for 34,420 shares and individual investors, Gi-han Yoon for 47,524 shares, and Seunghoon Lee for 31,683 shares. The shares are fully convertible.

The transaction is expected to close on August 3, 2022. The transaction was approved by the board of directors of the company. The company will receive funding through third party allotment.