TOEBOX LAB CO., LTD. announced that it will raise 55,000 common shares at an issue price of KRW 50,000 and a par value of KRW 5,000 for gross proceeds of KRW 2,750,000,000 on July 14, 2021. The transaction included participation from returning investor TOEBOX KOREA.Ltd. The transaction was approved by board of directors of the company. The transaction is expected to closed on July 20, 2021.