H2U Corp. announced that it will raise 300,000 common shares at an issue price of KRW 4,057 per share for the gross proceeds of KRW 1,217,100,000 on November 8, 2023. The transaction will include participation from new investor InnoTherapy, Inc. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on November 30, 2023.