Xigeist Co Ltd announced that it has issued 900,000 shares at a price of KRW 5,000 per share for gross proceeds of KRW 4,500,000,000 on August 30, 2022. The transaction included participation from returning investor, GS Engineering & Construction Corporation to retain 100% stake in the company. The capital will be raised through shareholder allocation method.

The transaction has been approved by the board of directors.