NM Tech Inc. announced that it will issue 454,545 common shares at a price of KRW 22,000.022 for gross proceeds of KRW 10,000,000,000 on August 29, 2023. The transaction included participation from returning investor, Truwin Company Limited for 16.12%. Truwin Company Limited will have total 50.5% stake in the company post transaction.

The transaction is expected to be close on September 12, 2023.