RE100 Solar Factory 1 Co., Ltd announced a private placement of 13,200 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 66,000,000 on December 12, 2023. The transaction will include participation from new investors Industrial Bank of Korea, and Topinfrasolar Co., Ltd. The transaction has been approved by board of directors of the company. The company will increase the capital through third party allotment.

The transaction is expected to close on December 28, 2023.