Fantagio Corp. announced that it will issue 14,760,146 common shares at a price of KRW 542 per share for gross proceeds of KRW 7,999,999,132 on June 21, 2022. The transaction included participation from returning investor MiraeING.Co.,Ltd. The shares will be issued at a 10% discount to the base price.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 29, 2022.