Verismo Therapeutics, Inc. announced that it will issue 5,738,332 common shares at a price of KRW 2958.52 for gross proceeds of KRW 16,977,000,000 on March 29, 2021. The transaction will involve participation from HLB Pharmaceutical Co., Ltd for 30% stake in the company. The transaction will take place through third party allotment. The transaction is expected to close on April 12, 2021.