Kakaospace Corp. announced that it will issue 25,700 shares at a price of KRW 1,000,000 per share for gross proceeds of KRW 25,700,000,000 on December 15, 2021. The company will issue shares through shareholder allocation method.

The transaction is expected to close on January 4, 2022. The transaction has been approved by the board of directors of the company.