AeroSpace Technology of Korea Inc. announced a private placement to issue 110,000,000 shares at an issue price of KRW 500 per share for the gross proceeds of KRW 55,000,000,000 on March 19, 2024. The transaction will include participation from returning investor Alpha Aero LLC. The transaction has been approved by the shareholders of the company and is expected to close on March 27, 2024.

The securities are restricted to a hold period.