Mirae I&N plans to carry out a third-party placement capital increase worth approximately 10 billion won to raise funds for acquiring securities of other companies.

Mirae I&N announced in a regulatory filing on the 22nd that its board had decided on the capital increase with these terms.

According to the filing, the paid-in capital increase will issue 9,090,910 new common shares at a price of 1,100 won per share, raising a total of 10,000,010,000 won, all of which will be used to acquire securities of other companies. The issue price was set at a 7.94% premium over the base share price of 1,019 won, and the total number of shares outstanding before the increase is 27,323,114.

The third-party allocatee is Mirae I&N's largest shareholder, Stella Innovation Investment Purpose Company LLC, which will receive all 9,090,910 new shares. The company explained that it selected the allocatee at a board meeting, considering the investor's payment capacity and timing, in order to achieve management objectives and secure funding promptly.

The payment date for the new shares is December 18, and the new shares are scheduled to be listed on January 6, 2027. The new shares will be deposited with the Korea Securities Depository and placed under lockup for one year from the deposit date. The company stated that it is exempt from filing a securities registration report on the grounds of private placement and the one-year lockup on the new shares.

The use of proceeds has not yet been finalized. Detailed review of the target company whose securities are to be acquired has not been completed, and the counterparty and the securities-issuing company remain undetermined. The company plans to make additional disclosures once the review is completed.

The capital increase schedule may change during consultations with relevant institutions, and details of the new share issuance have been delegated to the CEO.