Genomictree Inc. announced a private placement of 341,297 common shares at KRW 14,650 per share for gross proceeds of KRW 5,000,001,050 on July 28, 2021. The transaction will include participation from new investor ORION Holdings Corp. The company will raise the funds through third party allotment method.

The payment date for the shares is expected on August 05, 2021. The transaction was approved by the board of directors of the company. The shares carry a hold period of one year.