SK Signet America, Inc. announced that it will issue 187,500 shares at issue price of KRW 80 per share for an aggregate gross proceeds of KRW 15,000,000 on October 12, 2022. The transaction will include participation from SK Signet Inc. The investor will own 100% stake in the company post closing of the transaction. The transaction is expected to close on March 31, 2023.