SeAH Wind Ltd. announced that it will issue 2,943,040 redeemable convertible preferred shares at a price of KRW 18,501.942599 per share for gross proceeds of KRW 54,451,957,147 on March 14, 2024. The company will pay the fixed dividend of 7%. The transaction will include participation from existing investor SeAH Steel Holdings Corporation.

The transaction is expected to close on March 26, 2024. The transaction has been approved by the board of directors.