Barabio Corporation announced that it will issue 328,100 common shares at a price of KRW 16,875 per share for gross proceeds of KRW 5,536,687,500 on July 9, 2024. The transaction will include participation from new investor, HLB GLOBAL Co., Ltd.. The transaction is expected to close on July 24, 2024.

The transaction has been approved by the board of director's of the company.