Deepnoid to Generate 17.9 Billion Won Through Stock Offering


On Friday, Deepnoid Inc. reported that it will be selling stock to raise 17.9 billion won (US$13.9 million). The funds obtained from the stock sale will be mainly used for its operations.

According to a regulatory filing, the company will be offering 1.5 million common shares at a price of 11,910 won per share. The stock will be sold to the firm’s shareholders.

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