XAM Inc. announced a placement of 900,000 common shares at an issue price of KRW 10,000 per share for gross proceeds of KRW 9,000,000,000 in a round of funding on July 17, 2023. The transaction will include participation from returning investor, Xperix Inc. for 900,000 shares. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on December 14, 2023. The method of capital increase is through shareholder allocation.