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Artist Studio Announces 4 Billion KRW Private Placement to Maeil Broadcasting

Consumer Services · Movies/Entertainment · yonhap_finance · 2026-09-11

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KOSDAQ-listed Artist Studio has decided to issue new shares worth 4 billion KRW to Maeil Broadcasting to secure operating capital.

What Happened

Capital Raise Announcement: Artist Studio has announced a private placement of new shares to raise approximately 4 billion KRW. The company intends to use the proceeds primarily for operational funding to support its ongoing business activities.

Issuance Details: The company will issue 1,492,537 new common shares at a price of 2,680 KRW per share. This capital increase is structured as a third-party allocation rather than a public offering.

Strategic Allocation: The entire block of new shares is being allocated to Maeil Broadcasting. This transaction is expected to solidify the partnership between the two entities and provide Artist Studio with necessary liquidity.

Data Source: This summary is based on regulatory filings provided by Yonhap Infomax. Investors are advised to monitor how this capital injection impacts the company's financial stability and future growth trajectory.

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