LS-L&F Battery Solution Co., Ltd. announced that it will raise 20,460,000 common shares at an issue price of KRW 5,000 per share for the gross proceeds of KRW 102,300,000,000 on October 30, 2023. The transaction will include participation from new investor LS Corp. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on November 29, 2023. The company will raise funding through multiple tranches.