On March 20, 2024, Sangji Caelum, Inc. closed the transaction. The company issued 14,000,001 shares at an issue price of KRW 500 per share for the gross proceeds of KRW 7,000,000,500. The transaction incldued participation from returning investor JOONGANG ADVANCED MATERIALS Co., Ltd for 8,000,001 shares and new investor Hyupjin Co., Ltd. for 6,000,000 shares.