Hanwha Ocean USA Holdings Corp. announced that it will issue 2,650 common shares at a price of $99,996 per share for gross proceeds of $264,989,400 in a equity round of funding on June 13, 2024. The transaction will include participation from returning investor Hanwha Ocean Co., Ltd., to retain the majority stake in the company.

This has been approved in the board of directors of the Hanwha Ocean Co., Ltd. The transaction is expected to close on December 31, 2024. The company will increase the money through shareholder allocation increase method.