Bio Eleven Co., Ltd. announced a private placement of 236,406 common shares at a price of KRW 42,300? per share for gross proceeds of KRW 9,999,973,800 on June 23, 2021. The transaction will include participation from new investor Minwise Co., Ltd. (KOSDAQ:A214180). Pursuant to the transaction, the investor's stake will increase from 29.11% to 35.48% in the company. The transaction has been approved by the board of directors of the investor. The transaction will close on July 19, 2021.