Kakao Games Soars Over 10% in After-Market Following 100 Billion Won Paid-In Capital Increase Announcement

"Purpose: Growth Investment"
Third-Party Allocation Capital Increase Announced
After-Market Trading Surpasses 17,000 Won

Kakao Games' stock price surged in the after-market following the announcement of a large-scale paid-in capital increase.

On October 1, Kakao Games disclosed that it had decided on a third-party allocation paid-in capital increase to raise approximately 109 billion won for operating funds and other purposes. The issue price for the new shares is 15,680 won per share, and a total of 6,920,474 common shares will be issued.

The allocated recipients include Velvet No.1 Limited Company (4,485,861 shares), 2018 QCP No.13 Private Equity Fund (1,516,241 shares), and Stonebridge Midcap No.1 Private Equity Fund (918,372 shares). The company explained that the purpose of this capital increase is to invest in growth and strengthen financial soundness.

On the same day, Kakao Games' stock price jumped significantly in the after-market. As of 5:26 p.m., it was trading at 17,190 won, up 10.12% from the regular market closing price of 15,610 won.