Et Solar announced that it will issue 145,890 common shares at an issue price of KRW 10,000 per share for gross proceeds of KRW 1,458,900,000 on March 11, 2024. The transaction will include participation from new investor, LS ELECTRIC Co., Ltd. for 145,890 shares. The transaction has been approved by board of directors of the company.

The method of capital increase is through shareholder allocation increase. The transaction is expected to close on March 18, 2024.