On July 19, 2022, Kwangmu Co.,Ltd. closed the transaction. The company amended the terms of the transaction. The company has now issued 5,117,280 common shares for gross proceeds of KRW12,000,021,600 in its fourth and final tranche closing.

The tranche included participation from returning investor Atlas Falcheon Co., Ltd. for 3,837,953 shares and Appulance Fund for 2,558,635 shares.