Bucket Studio, 40 Billion KRW Capital Increase... Third-Party Allocation to Initial 1st Investment Association and Others

[Asia Economy Reporter Junho Hwang] Bucket Studio announced on the 25th that it has decided to conduct a third-party allotment paid-in capital increase to raise approximately 40 billion KRW for acquiring securities of other corporations and other purposes.

New shares totaling 7,299,271 shares (other shares) will be issued at 5,480 KRW per share. The third-party allotment recipients are Initial 1st Investment Association (major shareholder, 5,474,453 shares) and Initial 3rd Investment Association (special related party of the major shareholder, 1,824,818 shares).

The company stated that the purpose of the third-party allotment is "funds for acquiring securities of other corporations and operating funds."