Satoshi Holdings announced on the 4th that it has decided on a third-party placement capital increase worth 16,699,999,160 won to secure operating funds and debt repayment funds.

[Issuance Details] According to the regulatory filing, the capital increase will issue 6,259,370 new common shares at a new share issue price of 2,668 won per share. The total number of issued shares before the increase is 5,204,642.

[Use of Proceeds] Of the funds raised, 12.7 billion won will be used for debt repayment and 3,999,999,160 won for operating funds. The company stated that the purpose of the third-party placement is to achieve management objectives, including improving its financial structure.

[Selection of Subscriber] The third-party placement recipient is Lucent Investment Fund, which will be allocated all 6,259,370 new shares. The company explained that it selected the recipient at a board meeting by considering the investor's intentions, payment capacity, and timing, in order to achieve management objectives and secure funding promptly. The newly issued shares will be deposited with the Korea Securities Depository and subject to a mandatory one-year holding period from the deposit date.

[Capital Increase Schedule] The payment date and new share subscription date are September 14, with the new shares scheduled to be listed on October 7. However, the company noted that the paid-in capital increase schedule may change during the adjustment or consultation process with relevant institutions.

[Pricing] The new share issue price was set at 2,668 won by applying a 10% discount to the reference share price of 2,964 won. The company disclosed that the reference price was calculated based on the weighted average share prices over the past one month, one week, and the most recent trading day, using the day before the board resolution date as the base date.