INBIOGEN Co., Ltd. announced a private placement of 14,234,876 common shares at an issue price of KRW 843 for gross proceeds of KRW 12,000,000,468 on November 10, 2022. The transaction will include participation from returning investor, Bucket Studio Co., Ltd. for 14,234,876 shares. The method of capital increase will be through third party allotment.

The common shares will have a lock-up period of one year after issuance. The transaction has been approved by board of directors of the company. The expected date of payment is November 18, 2022.