Openedges Square Co., Ltd. announced that it will issue 360,000 redeemable convertible preferred stock at an issue price of KRW 50,000 per stock for gross proceeds of KRW 18,000,000,000 on October 31, 2023. The transaction will include participation from new investors, Atinum Growth Fund 2023, a fund managed by Atinum Investment Co., Ltd, an investment arm for 180,000 stocks and Stonebridge DX Business Reorganization Fund, a fund managed by Stonebridge Ventures Inc., an investment arm for 80,000 stocks. The company is expected to close the transaction on November 10, 2023.

The transaction has been approved by the board of directors of the company. The company will raise funds through third party allocation capital increase.