Soulbrain Network Co., Ltd. announced a private placement it will issue 8,343,090 common shares at a price KRW 10,000.000921 per share of gross proceeds for KRW 83,430,907,684 on August 30, 2023. The transaction included the participation from new investors Soulbrain Holdings Co., Ltd. issue 50,000 shares and hold 100% stake.