Fitness Candy Co., Ltd. announced that it will issue 540,000 common shares at an issue price of KRW 5,000 for gross proceeds of KRW 2,700,000,000 on August 18, 2023. The transaction will include participation from new investor SM Entertainment Co., Ltd. issue 264,600 shares for KRW 1,323,000,000. The transaction was approved by board of directors of the company.