Boaz Asset announced that it has issued 16,157,067 common shares at an issue price of KRW 298 per share for gross proceeds of KRW 4,814,805,966 on December 28, 2023. The transaction included participation from new investors, Santacruise Casting Company Co., Ltd. for 1,160,608 shares and Smart Golf Co.,Ltd. for 14,996,459 shares.