Sangsangin Industry Co., Ltd. announced a private placement to issue 4,062,976 shares at an issue price of KRW 1,969 for the gross proceeds of KRW 7,999,999,744 on March 26, 2024. The transaction will include participation from returning investor Sphere Power Inc. for 4,062,976 shares. The transaction has been approved by the shareholders of the company and is expected to close on March 27, 2024.