TrueLight Corporation announced a private placement of 15,000,000 at a price of TWD 30.4 per share for the gross proceeds of TWD 456,000,000 on May 24, 2023. The transaction will include participation from new investor, Taiwan Mask Corporation, Ontario Capital Co., Ltd. The transaction has been approved by the shareholders of the company and is expected to close between March 6, 2024 to March 15, 2024.