INBIOGEN CO.,Ltd announced a private placement of 9,316,771 convertible preferred shares at KRW 3,220 per share for gross proceeds of KRW 30,000,002,620 on November 18, 2021. The transaction will include participation from returning investor Bucket Studio Co., Ltd. The transaction is by way of third party capital increase. The payment date for the shares is expected on January 21, 2022.

The transaction has been approved by board of directors of the company.