RisingWings Inc. announced that it will issue 11,066 shares at an issue price of KRW 903,668.895716 per share for the gross proceeds of KRW 10,000,000,000 on February 8, 2024. The transaction will include participation from returning investor KRAFTON, Inc., hold 100% stake in the company. The company issued common shares in the transaction.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 16, 2024.