FSN, 7 Billion KRW Third-Party Allocation Paid-in Capital Increase Including Debt Repayment Funds

FSN, a KOSDAQ-listed company, announced on the 17th that it has decided to conduct a third-party allotment paid-in capital increase to raise approximately 7 billion KRW for debt repayment and other purposes.

According to the announcement, 5,251,310 new common shares will be issued. The price per share is 1,333 KRW. The third-party allotment recipients include Hong Jaeyoung (2,625,656 shares) and PureBio (1,875,468 shares), among others.

The company explained that the purpose of the third-party allotment capital increase is to use the funds for debt repayment and operating capital to improve the financial structure.