MGRV Inc. announced a private placement of 91,354 preferred shares at the price of KRW 145,151 per shares for gross proceeds of KRW 13,260,124,454 on July 20, 2022. The face value of the shares is KRW 5,000. The company will raise funding through third party allocation.

The transaction included participation from financial investor. The transaction has been approved by the board of directors of the company.