IL Science Co., Ltd. announced a private placement to issue 879,507 common shares at an issue price of KRW 3,411 for the gross proceeds of KRW 2,999,998,377 on December 27, 2023. The transaction will include participation from new investor Woosu AMS Co.,Ltd. for 879,507 common shares. The transaction has been approved by the shareholders of the company and is expected to close on January 4, 2024.

The securities are restricted to a hold period of 1 year.