Magnus Holdings Co., Ltd. announced that it will issue 22,500 common shares at issue price of KRW 2,000,000 for gross proceeds of KRW 45,000,000,000 on July 8, 2021. The transaction includes participation from returning investor, FILA Holdings Corporation to retain its 100% stake in the company. The transaction is expected to close on July 15, 2021. The transaction has been approved by the board of directors of the company.