Tobesoft to Raise Funds Through Stock Offering


On Monday, Tobesoft Co. declared that it would be selling stock to raise 10 billion won (US$7.6 million). The money acquired from the stock sale will mainly be used to finance the company’s operations.

As per a regulatory filing, the company will be issuing 10.94 million common shares at a rate of 914 won per share. These stocks will be sold to the investors that were chosen by the firm.

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