DragonX announced that it will issue 834 redeemable convertible preferred shares at a price of KRW 1,800,181 for gross proceeds of KRW 1,501,350,954 in July 10, 2020. The transaction will include participation from e-SPORT. The shares are issued through a third party allotment method. The transaction is expected to close on July 14, 2020. The transaction has been approved by the board of directors of the company. The shares have a coupon rate of 2% per annum.