Hanwha Intelligence Co.,Ltd announced that it will issue 124,000 shares at issue price of KRW 50,000 per share for gross proceeds of KRW 6,200,000,000 on March 14, 2024. The company will raise funding through capital increase by shareholder allocation increase. The transaction included participation from returning investor Hanwha Systems Co., Ltd. The company expects to close the transaction on March 15, 2024.

The transaction has been approved by the board of directors of the company.