EQ4ALL announced a placement of 90,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 450,000,000 on December 6, 2023. The transaction will include participation from returning investor, DN Automotive Corporation for 90,000 shares for post-investment stake of 83.620%. The transaction has been approved by board of directors of the company. The method of capital increase is through shareholder allocation.

On the Same date, the company amended the deal terms of the transaction. The company issued 134,400 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 672,000,000. The transaction is expected to close on December 7, 2023.