Caspian Company Limited announced that it will issue 1,904,000 shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 9,520,000,000 on November 3, 2021. The transaction is expected to close on November 4, 2021. The company will receive funding through 3rd party allocation.

The transaction will include participation from Jeju Beer Company, Limited for 1,004,000 shares, Ocean Suites Co., Ltd. for 300,000 shares, You Sung Industrial Co.,Ltd for 200,000 shares, Playmake Ventures Co., Ltd. for 200,000 shares, B SEED Partners Co., Ltd. for 100,000 shares and JOYCITY Corporation for 100,000 shares. The transaction was approved by the board of directors of the company.