Atlasbx Motor Sports announced that it will issue 100,000 common shares at a price of KRW 5,000 for gross proceeds of KRW 500,000,000 in a round of funding on September 19, 2019. The transaction will include participation from Hankook Atlasbx Co.,Ltd. (KOSDAQ:A023890). Post the closing, investor will hold 100% stake in the company. The transaction has been approved by board of director of the investor.