Samsung SDI Co. has finalized the issue price for its paid-in capital increase at 140,000 won ($100.21) per share, according to a regulatory filing on Monday. The offering is expected to raise approximately 1.65 trillion won.

The company initially aimed to raise 2 trillion won by issuing shares at 169,200 won each. However, a drop in its stock price—triggered by the capital increase announcement and temporary demand stagnation in electric vehicles—lowered the reference price used to calculate the final issue price, reducing the total fundraising amount.

The preliminary price had already been cut once to 146,200 won, with a projected total of 1.73 trillion won.

Samsung SDI plans to list the new shares on June 13, following subscriptions by existing shareholders and a public offering, starting Wednesday.

The rights offering will be followed by a public subscription for any shares not taken up by existing shareholders.

A total of 11,821,000 shares will be issued, representing 16.8 percent of the company’s outstanding shares.

Proceeds will be used to fund its joint venture with U.S. automaker General Motors Co., expand production at its Hungary plant, and invest in solid-state battery facilities in South Korea.

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