GridFlex Inc. announced that it will issue 18,200 common shares at an issue price of KRW 3,831,434.615384 per share for the gross proceeds of KRW 69,732,110,000 on December 6, 2023. The transaction will include participation from new investor SK Gas Co., Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on April 30, 2025.