Kiwoom ENS, Inc. announced that it will issue 3,645,000 shares at a price of KRW 11,022 per share for gross proceeds of KRW 40,175,190,000 on March 28, 2022. The transaction included participation from returning individual investor Kyung-ae Lee for 662,475 shares to retain 18.09% stake in the company and other investors including Daou Technology Inc for KRW 32,788,000,000. The shares will be issued at a premium of 120.44% to the par value per share.

The transaction is expected to close on May 3, 2022. The ratio at which existing investor will be subscribing new shares will be 0.69625831 shares for each share held.