On May 27, 2012, KLab announced that it had successfully raised 269 million yen through the exercise of its 19th stock acquisition rights between May 14 and May 27, 2012. A total of 12,000 rights, representing 11.88% of the total issued, were exercised, resulting in the issuance of 1.2 million new shares.
This recent exercise of stock acquisition rights has left 77,499 rights unexercised, with the potential to issue up to 7,749,900 additional shares. The company plans to allocate the newly raised funds towards the costs associated with planning, developing, and operating a new large-scale mobile online game and a new casual game.
KLab’s strategic investment in these new game projects reflects its commitment to expanding its portfolio and enhancing its presence in the competitive mobile gaming market. The company aims to leverage these developments to attract a broader audience and strengthen its position as a leading game developer.
