Jam City, Inc. announced a private placement of 11,876,485 class A shares at a price of $8.42 per share for gross proceeds of $100,000,003.7 on May 20, 2021. The transaction will include participation from a group of leading institutional investors, along with DPCM Capital, Inc. (NYSE:XPOA) which is committed to invest $3,000,000, members of the combined company management teams, and existing investor Netmarble Corporation (KOSE: A251270) which is committed to invest $36,000,000. The transaction is expected to close sometime later in 2021.