On November 16, 2022, SeAH Wind Ltd. closed the transaction. The company issued 7,315,000 redeemable convertible preferred stock at a price of KRW 14,823 per share for gross proceeds of KRW 108,430,245,000. The transaction will include participation from returning investor SeAH Steel Holdings Corporation for 6,650,000 shares and SeAH Steel America Inc. for 665,000 shares.