MPC plus Inc. announced that it will issue 1,349,528 common shares of par value KRW 500 per share at a price of KRW 1,482 per share for gross proceeds of KRW 2,000,000,496 on December 28, 2022. The transaction will include participation from new investor Elim Fund. The company will issue shares through third party allocation increase.

The payment date for shares is April 20, 2023. The transaction has been approved by board of directors of the company. The total number of shares issued prior to transaction are 5,118,559 shares.

The shares are restricted to a hold period of one year.