Smart Golf Co.,Ltd. announced that it will issue 50,770,000 shares of par value, KRW 100 at a price of KRW 100 per share for gross proceeds of KRW 5,077,000,000 on December 11, 2023. The transaction was approved by the board of directors of the company. The transaction include the participation from new investors Santacruise Casting Company Co., Ltd. for 50,000,000 shares and Top Us Co., Ltd. for 200,000 shares and individual investor Seongjin Kim for 570,000 shares.

The company will receive funding through third party allocation. The transaction is expected to close on December 26, 2023.