Blitzway Co.,LTD. announced a private placement of 3,603,605 common shares at the price of KRW 5,550 per share for gross proceeds of KRW 20,000,007,750 on March 17, 2022. The transaction will include participation from KRAFTON, Inc. for 1,801,802 shares, Dunamu Inc. for 900,901 shares, KAI History 2022-1 NFT Fund for 540,541 shares, Chorokbaem History 2022-1 NFT Fund for 360,361 shares. The company will issue shares of par value of KRW 100 per share through third party allocation method.

The shares will be locked up for a period of one year. The payment date for the transaction is March 25, 2022. The transaction has been approved by the board of directors of the company.