Eqcell Co.,Ltd announced that it will issue 18,282,989 common shares at an issue price of KRW 1,258 per share for the gross proceeds of KRW 23,000,000,162 on June 12, 2024. The transaction will include participation from new investor Hyulim ROBOT Co.,Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on July 19, 2024.