Glyde Co., Ltd announced that it will issue 50,000 shares at an issue price of KRW 100,000 per share for gross proceeds of KRW 5,000,000,000 on January 12, 2022. The transaction will include participation from returning investor NS Shopping Co., Ltd to retain its 100% stake holding in the company. The transaction is expected to close on January 19, 2022.

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