DM Holdings Co.,Ltd announced that it will issue 5,190,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 25,950,000,000 on May 10, 2024. The transaction will include participation from returning investor LS Corp., will held 94.82% post completion of the transaction. The company will issue the shares through shareholder allocation increase method.

The transaction is expected to close on May 30, 2024. The transaction has been approved by the board of directors of the company.