Hitron Systems Inc. announced that it will issue 18,000,000 common shares at an issue price of KRW 500 per share for the gross proceeds of KRW 9,000,000,000 on July 5, 2023. The transaction included participation from new investors Leading Ace Capital Co. Ltd for 8,000,000 common shares and Well Balance Co., Ltd. for 10,000,000 common shares.

The transaction has been approved by the board of directors of the company. The company issued common shares through 3rd party allocation increase.