People & Technology Ms, Inc. announced that it will issue 1,639,344 common stock at a price of KRW 3,050 for gross proceeds of KRW 4,999,999,200 on November 3, 2023. The transaction will include participation from returning investor People & Technology Inc.,new investor YW Holdings No. 1 Fund,individual investors Sooyoung Jeon,Jo Eun,Gyuho Lee,Seunghyun Yang,Jooheon Lee,Eom Bo-seop,Yonghyeonho,Lim Hyeon-chang,Lee Jong-gi,Ji Yeon,Dongdae Kim,Hoonsu Kim,Yeonki Baek,Changi Hong and Jaekyung Park.

The transaction is expected to close on November 30, 2023. The transaction has been approved by the board of directors of the company.