Every Show Co.,Ltd. announced a private placement of 63,600,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 318,000,000,000 on July 30, 2020. The transaction will include participation from its existing investor Galaxia SM, Inc. (KOSE:A011420); which will continue to hold 100% stake in the company. The company will raise funding through shareholder allocation increase method.

The face value of the shares to be issued is KRW 5,000 per share. The company will issue 43.8535100 new shares for each share held by the existing investor. The transaction has been approved by the board of directors of the company.