On March 25, 2021, PCL, Inc. (KOSDAQ:A241820) closed the transaction. The company has issued preferred shares and received KRW 2,999,938,368 in its second tranche bringing the total funds raised in the transaction to KRW 40,499,938,368. The conversion period for preferred shares will now starts from March 26, 2022 and ends on March 25, 2026.