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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 18. Subsequent Events

In July 2024, the underwriters exercised the over-allotment option to purchase 1,371,549 common shares (See Note 1. Description of Business and Summary of Significant Accounting Policies for additional information for the over-allotment option). The Company received $26.8 million, net of underwriting discounts and commissions, from the issuance and sale of the common shares.

In July 2024, the NAVER WEBTOON entered into an agreement with Shinhan Bank, pursuant to which $3.6 million in deposits with the bank has been pledged as collateral for employee stock option related loans for officers and employees of NAVER WEBTOON, to the extent they are not also officers of the Parent.