On February 27, 2023, H&B Design Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company will now issue 1,673,640 common shares at an issue price of KRW 3,585 per share for gross proceeds of KRW 5,999,999,400.

The transaction will include participation from Mendels Limited Fund for 4,184,000 shares, T Companion No. 1 Fund for 4,184,100 shares representing 27.53% and individual investor Jung-Ok Lee for 551,165 shares representing 3.63% stake.