CANARIABIO Inc. announced a private placement of 974,468 common shares at a price of KRW 5,131 for the gross proceeds of KRW 4,999,995,308 on December 20, 2023. The transaction will include participation from returning investor, CANARIABIO M Inc. The transaction has been approved by the shareholders of the company. The transaction is expected to close on December 28, 2023.