CODI-M Co., LTD. (KOSDAQ:A224060) announced a private placement of 2,857,142 common shares at KRW 525 per share for gross proceeds of KRW 1,499,999,550 on July 19, 2019. The transaction will include participation from Codi-M Bio Consortium for 2,857,142 shares. Post the closing of the transaction, the number of shares will increase from 146,136,795 to 148,993,937.

The company will issue shares at premium. The payment date is September 20, 2019. The company will issue securities through third party allotment method.

The securities issued are subject to hold period of one year. The transaction has been approved by the board of directors of the company.