Carrot Co., Ltd announced that it expects to receive KRW 120.00001357 billion in funding from Hanwha General Insurance Co., Ltd.
On Same date, the company amended the terms of the transaction. The company announced that it will issue 8,202,389 common shares at a price of KRW 15,910 per share for gross proceeds of KRW 130,500,008,990. The method of capital increase is through allocation to third parties. the transaction include the participation from returning investors Hanwha General Insurance Co., Ltd. issue 7,542,427 shares and Altos Korea Opportunity Fund 5, L.P. will issue 659,962 shares.