On November 30, 2023, Papa Mobility Co., Ltd. closed the transaction. The company issued 11,363,586 common shares at an issue price of KRW 633 per share for gross proceeds of KRW 7,193,149,938. The transaction included participation from returning investor, Kolon Corporation for 11,058,452 shares revising its stake from 87.190% to 90.060% and individual investor, Woong-yeol Lee for 305,134 shares revising its stake from 4.810% to 4.190%.