Nexters has initiated a third-party allocation capital increase amounting to approximately 39 billion won, aimed at acquiring securities from other companies. This funding is a strategic move to secure management rights in One Store, a domestic app market.
On June 18, Nexters announced through a public disclosure that it has decided to proceed with a third-party allocation capital increase totaling 39.49512 billion won. The new shares to be issued will amount to 17,171,788 common shares, with an issue price of 2,300 won per share.
The allocation of new shares will include SK Square Co., Ltd. (12,111,300 shares) and Naver Corporation (4,641,230 shares), among others.
This capital increase is closely linked to Nexters' ongoing major mergers and acquisitions (M&A). On the same day, Nexters disclosed that it has decided to acquire 89.03% (2,247,990 shares) of One Store from SK Square, Naver, Steel Number One First, and Krafton for approximately 62.6 billion won.
As a result, existing major shareholders of One Store, including SK Square and Naver, will receive proceeds from the sale while also participating in Nexters' third-party allocation capital increase, thus becoming significant shareholders.
In addition to the capital increase, Nexters plans to issue convertible bonds (CB) worth about 21.2 billion won to secure total acquisition funding. The completion date for this acquisition is scheduled for June 29.
Nexters aims to transform One Store from a simple app market into a global gaming hub platform that integrates blockchain and artificial intelligence (AI) technologies.
In South Korea, Nexters intends to maintain stable partnerships in existing content distribution while globally establishing the world's first "Web3 gaming store" that supports wallets, stablecoins, and decentralized exchanges.
* This article has been translated by AI.
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