Earth & Aerospace Manufacturing Ind. Co.,Ltd announced that it will issue 3,800,000 shares at an issue price of KRW 2,500 for the gross proceeds of KRW 9,500,000,000 on March 22, 2024. The transaction will include participation from new investors ICP Co., Ltd for 1,200,000 shares, Real Estate Ilbeongji Holdings Co., Ltd. for 1,400,000 shares and individual investor Jeon-seok Baek for 1,200,000 shares.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on April 1, 2024. The company will issue common shares through third party allocation capital increase.