Vivian announced in a regulatory filing on the 22nd that it has decided on a third-party placement capital increase totaling KRW 25 billion to raise operational funds and debt repayment funds.

The new shares to be issued through this capital increase amount to 4,288,164 common shares, with an issue price of KRW 5,830 per share. This represents a 10% discount to the reference share price of KRW 6,469.24. The target fundraising amount totals KRW 24,999,960,000.

The company also clarified the specific use of proceeds through the filing. First, KRW 20 billion will be allocated to the repayment of existing convertible bonds (CB). In detail, KRW 5 billion will go toward the early acquisition of the 4th series of convertible bonds and KRW 15 billion toward the early acquisition of the 5th series of convertible bonds. The remaining KRW 4,999,990,000 will be utilized as company operating funds, including the payment for goods.

The capital increase will be conducted via third-party placement, with all 4,288,164 new shares to be issued allocated to the 'Gold 300 Partnership.' The shares will be placed under a one-year lock-up, with the payment date set for July 31 and the new shares scheduled to be listed on August 25.

The company stated that upon the completion of this capital increase, the largest shareholder may change.