Bowwow Korea Co.Ltd announced that it will issue 100,000 common shares at an issue price of KRW 50,000 per share for the gross proceeds of KRW 5,000,000,000 on April 29, 2024. The transaction will include participation from new investor Lindeman Innovation Growth PEF for 50,000 shares and Lindeman New Deal New Growth Private Equity Fund for 50,000 shares, funds managed by Lindeman Asia Investment Corporation. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on May 17, 2024.