SOLiD Gear Pte. Ltd. announced that it will issue 10,000,000 common shares at a price of KRW 1,093.2 per share for gross proceeds of KRW 10,932,000,000 on December 30, 2020. The transaction will include participation from returning investor SOLiD, Inc. (KOSDAQ:A050890). Post closing, the total number of shares of the company will increase to 28,100,000 shares, and the investor will continue to hold 100% stake in the company. The transaction has been approved by the board of directors of the investor, and is expected to close on January 11, 2021.