Powervoice Co., Ltd. announced that it will issue 4,000,000 common shares at an issue price of KRW 50 per share for the gross proceeds of KRW 2,000,000,000 on April 12, 2023. The transaction will include participation from new investor Leenos Corp. for KRW 3,000,000 and Jung, Hee Seok for KRW 1,000,000.

The transaction has been approved by the shareholders of the company and is expected to close on April 28, 2023. The shares are restricted to a hold period of one year.