ISE Commerce Company Limited announced that it expects to receive KRW 29.99998848 billion in funding from Cheon Ji In M Partners Inc.

ISE Commerce Company Limited announced a private placement of 4,149,376 common shares at a price of KRW 7,230 per share for gross proceeds of KRW 29,999,988,480 on December 15, 2022. The transaction will include participation from F1 Fund for 2,766,251 shares and JS D&I Co., Ltd. for 1,383,125 shares. The shares will be issued through third party allotment method.

Post the closing, the shares will increase from 25,826,362 to 29,975,738. The shares will be issued at a premium. The payment date is February 2. 2023.

The transaction has been approved by the board of directors of the company.