Idience Co., Ltd announced that it will issue 19,142,420 common shares at an issue price of KRW 1,306 per share for gross proceeds of KRW 25,000,000,520 on May 20, 2024. The transaction will include participation from new investor, Dong-A ST Co., Ltd. The transaction has been approved by the board of directors. The company is expected to close the transaction on May 22, 2024.