M-Venture Investment, Inc. announced a private placement of 21,008,403 common shares at an issue price of KRW 714 per share for gross proceeds of 14,999,999,742 on February 3, 2023. The transaction will include participation from Su & Partners Co., Ltd. for 10,547,429 shares, Fourteen & Company Co., Ltd. for 3,458,173 shares and KR & Partners for 7,002,801 shares. The securities have a lock-up period of one year.

The method of capital increase is through third party allocation. The transaction has been approved by board of directors of the company. The expected date of payment is March 2, 2023.