M Space Daemyeong Pfv Co. Ltd announced that it will issue 3,609 common shares at price of KRW 10,000,000 per share for proceeds of KRW 36,090,000,000, and 891 preferred shares at a price of KRW 10,000,000 for proceeds of KRW 8,910,000,000 for aggregate gross proceeds of KRW 45,000,000,000 on June 24, 2024. The transaction will include participation from returning investor Moon Development Marketing Co.

Ltd for 2,709 common shares, Korea Asset In Trust Co., Ltd for 891 preferred shares, and individual investor Joohyun Moon for 900 common shares. The transaction is expected to close on July 2, 2024. The company will raise money through shareholder allocation increase method.

This has been approved in the board of directors of the company.