CaphAero, Inc. announced that it will issue 710,000 shares at an issue price of KRW 5,000 per share for proceeds of KRW 3,550,000,000 on May 16, 2024. The transaction will include participation from returning investor AeroSpace Technology of Korea Inc. The transaction is expected to close on May 31, 2024. The transaction was approved by the board of directors of the company.