Interojo to Raise 30 Billion Won Through Rights Offering... Surges Over 10% in Aftermarket Trading

KOSDAQ-listed Interojo announced on the 23rd that it has decided to issue new shares through a third-party allotment to raise approximately 30 billion won for purposes including debt repayment.

A total of 1,493,428 new shares (classified as other stocks) will be issued at 20,088 won per share. The third-party allotment will be made to Stick Prism Limited Company (1,493,428 shares).

As of 6:08 p.m. on the same day, Interojo was trading at 21,000 won, up 10.24% compared to the regular session closing price of 19,050 won.