Nexters is accelerating its platform expansion following the integration of its store by securing strategic partners in the telecom and security sectors, including KT, LG Uplus, and Certic (HCIC LLC).
On September 10, Nexters announced that its board of directors approved a third-party allocation of new shares to KT, LG Uplus, and Certic.
The capital increase will raise approximately 3.8 billion won (about $38 million) through the issuance of 2,151,443 shares, representing 2.51% of the total shares outstanding.
This capital increase is linked to Nexters' acquisition of shares in One Store. On the same day, KT and LG Uplus signed a stock purchase agreement for One Store, with the transaction expected to close on September 14.
Earlier, Nexters acquired 89.03% of One Store shares from SK Square and Naver, during which SK Square and Naver also participated as investors in Nexters. Once this transaction is completed, Nexters' stake in One Store will increase to 95.88%.
The newly allocated shares will be subject to a one-year lock-up period, with payment for the capital increase scheduled for September 18.
* This article has been translated by AI.
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