NEXUS raises approximately 3.8 billion won through third-party paid-in capital

NEXUS disclosed on the 10th that it held a board meeting and resolved to proceed with a third-party paid-in capital increase targeting KT, LG Uplus, and CertiK (HCIC LLC).

A total of 2,151,443 new shares will be issued through this capital increase. This represents 2.51% of the total number of issued shares, with the expected amount to be raised standing at approximately 3.7973 billion won.

The capital increase is being conducted in connection with NEXUS's transaction involving ONE Store shares. KT and LG Uplus signed share purchase agreements for ONE Store on the 10th, with transaction closing and payment scheduled for the 14th.

In June, NEXUS acquired an 89.03% stake in ONE Store held by SK Square, Naver, and others. At the time, SK Square, Naver, and others participated as investors in NEXUS. Once this transaction is completed, NEXUS's stake in ONE Store will expand to 95.88%.

A one-year lock-up period applies to the allocated new shares. The payment date for the capital increase is the 18th.

Through this capital increase, NEXUS plans to secure strategic partners in the telecommunications and security sectors as new shareholders and pursue platform expansion strategies following the integration of ONE Store.

This article was originally written in Korean and translated with the help of AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom. [Read Original]

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Minwoo "Roootz" Kang

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