WIDER PLANET Inc. announced that it will issue 5,965,460 common shares of par value, KRW 500 at a price of KRW 3,185 per share for gross proceeds of KRW 18,999,990,100 on December 8, 2023. The transaction will include participation from new investors Jeongjae Lee, Jung Woo-sung, Park Gwanwoo, Park In-gyu, Wysiwyg Studios Co., Ltd., and Song Ki-cheol. The company will issue shares through third party allocation capital increase.

The payment date for shares is December 20, 2023. The transaction has been approved by board of directors of the company. The total number of shares issued prior to transaction are 6,908,282 shares.