Samkee America Inc announced a private placement of 10,000,000 shares for a gross proceeds of KRW 12,977,000,000 on February 20, 2023. The transaction will include participation from retuning investor, Samkee EV Corp. with 60.77% stake post completion of the transaction.

The transaction is expected to close on April 25, 2023. The transaction has been approved by the board of directors of the company.