Gencurix Inc. has announced a private placement of 670,016 shares at an issue price of KRW 5,970 per share for gross proceeds of KRW 3,999,995,520 on January 17, 2024. The transaction has been approved by the board of directors of the company. The transaction is expected to close on January 25, 2024.

The transaction will include participation from new investor, HLB PANAGENE Co., LTD.