Studio Santa Claus Entertainment Co., Ltd. announced a private placement of 1,365,747 common shares at an issue price of KRW 7,322 for gross proceeds of KRW 9,999.999534 on July 25, 2022. The transaction included participation from Benefis Consortium. The company will raise the funding through third party allotment of shares.

The transaction is expected to close on August 31, 2022. The transaction was approved by the board of directors of the company. The shares issued are subjected to one year holding period.