Obzen, an AI data platform company, announced on the 18th that the payment for its recently conducted third-party allotment capital increase has been fully completed.
On December 2, Obzen's board of directors resolved to carry out a third-party allotment capital increase worth approximately 2.5 billion KRW, issuing 180,766 common shares at 13,830 KRW per share. The newly issued shares are scheduled to be listed on January 6 of next year. These shares will be subject to a one-year lock-up period from the listing date.
The company explained that the capital increase was executed by involving the existing CEO of Jalessia and key executives, and that this was a strategic measure to maintain business continuity and strengthen responsible management following the merger of the two companies. Previously, on December 11, Obzen finalized the acquisition of Jalessia, a data analytics and IT consulting firm, and officially declared its ambition to become a leading 'AI data platform company' driving AI transformation across all industries.
Obzen plans to use the funds raised through this capital increase to maximize integration synergy with Jalessia, strengthen stable organizational operations centered on key personnel, and reinforce its foundation for mid- to long-term growth. In particular, by having the existing Jalessia management directly hold shares, the company expects that the alignment of interests regarding the performance and corporate value of the integrated entity will enable more long-term and responsible decision-making.
An Obzen representative stated, "This capital increase is not just a simple financial fundraising, but an investment to ensure that key Jalessia executives participate as shareholders, thereby maintaining the business direction and service level for customers without disruption after the merger." The representative added, "During the integration process, we will further motivate key personnel and enhance their sense of responsibility, thereby strengthening our technological competitiveness and business execution capabilities." They also commented, "Direct equity participation by existing shareholders is an important foundation supporting this growth strategy."
Along with this capital increase, Obzen plans to gradually realize synergies in customer, industry, and technology aspects following the integration of the two companies. Through this, the company aims to enhance service quality for existing clients while actively targeting new markets and customer segments, thereby accelerating the enhancement of corporate value.
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