AeroSpace Technology of Korea Inc. announced a private placement of 15,855,039 common shares at a price of KRW 4415 for the gross proceeds of KRW 69,999,997,185 on December 23, 2022. The transaction is expected to close on February 10, 2023. The transaction has been approved by the shareholders of the company.

The shares will be issued through third party allotment of shares.