Bit & Electronics, 1 Billion KRW Paid-in Capital Increase... Third-Party Allocation to Gunjang Investment Association

KOSDAQ-listed company Bitgwa Jeonja announced on the 11th that it has decided to raise approximately 1 billion KRW through a third-party allotment paid-in capital increase to secure operating funds.

New shares totaling 685,400 common shares will be issued at 1,459 KRW per share. The third-party allotment recipient is Gunjang Investment Association (685,400 shares).