Obelisk Fund along with Ulysses No. 1 Fund managed by Ulysses Capital entered a stock sale contract to acquire 9.372661% stake in FN REPUBLIC Co., Ltd (KOSDAQ:A064090) from Jayjun Cosmetic Co., Ltd. (KOSE:A025620) for KRW 4.73 billion on September 27, 2022. Obelisk Fund will acquire 0.53 shares and Ulysses No. 1 Fund will acquire 0.5 million shares. The transaction is expected to close on September 27, 2022. As of September 27, 2022, transaction is expected to close on October 7, 2022. As of October 7, 2022, The transaction is expected to close on October 28, 2022.

Obelisk Fund along with Ulysses No. 1 Fund cancelled the acquisition of 9.372661% stake in FN REPUBLIC Co., Ltd (KOSDAQ:A064090) from Jayjun Cosmetic Co., Ltd. (KOSE:A025620) on October 31, 2022. The transaction was cancelled due to non payment of the consideration.