Thumbage Co., Ltd. (KOSDAQ:A208640) announced that it will issue 26,639,344 common shares at a price of KRW 488 for gross proceeds of KRW 12,999,999,872 on December 18, 2019. The transaction will involve participation from returning investor FourThirtyThree Inc. The transaction will take place through third party allocation. The shares will carry a face value of KRW 100 and will be issued at a premium. The shares will have a hold period of 1 year. Post completion of the transaction, the total number of issued shares will increase from 98,282,387 shares to 124,921,731 shares. The transaction is expected to close on December 26, 2019.