COSON Co., Ltd. announced that it will issue 6,000,000 shares at an issue price of KRW 500 per share for proceeds of KRW 3,000,000,000 on December 29, 2023. The transaction will include participation from new investor Cruise Holdings Co., Ltd. and returning investor Yuhan Corporation. The transaction is expected to close on January 16, 2024.

The transaction was approved by the board of directors of the company.