AcBel Polytech Inc. announced a private placement to issue 160,000,000 common shares at a price of TWD 10 per share for proceeds of TWD 1,600,000,000 on April 17, 2023. The transaction has been approved by the shareholders of the company. The transaction will include participation from existing shareholders of the company.

The transaction is expected to close between July 11, 2023 to July 20, 2023.