SC Engineering Co., Ltd announced a private placement of 2,611,941 common shares at a price of KRW 2,680 per share for the gross proceeds of KRW 7,000,001,880 by new investor, Alchemist Global on April 13, 2023. The company is raising funding through third party allocation increase. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on October 13, 2023.