CoinWorld News reports that South Korea's KOSDAQ-listed company SGA has passed a board resolution to issue approximately 58.86 million shares of common stock to a consortium of investors, including Sora Ventures, AsiaStrategy, Metaplanet CEO Simon Gerovich, and South Korean investment firm KCGI, raising a total of about 34.49 billion KRW (approximately 25 million USD). After the transaction is completed, the consortium will become SGA's largest shareholder, and the funds will be used for strategic acquisitions and general corporate operations. [Wu said]