RootLoc CO.,LTD. announced a private placement of 2,331,762 common shares at a price of KRW 1,581 per share for gross proceeds of KRW 3,686,515,722 on September 1, 2023. The transaction will include participation from new investors Youngkyun Lee for 63,251 shares; Kyung-moon Kang for 63,251 shares; Geungnyeon Kim for 63,251 shares; Dong-ah Shin for 31,625 shares; Jae-geun Oh for 31,625 shares; Do-eun Kim for 31,625 shares; Doyoung Kim for 31,625 shares; Eunseo Lee for 63,251 shares; Hyeon-min Gu for 126,502 shares; Seungbaek Kang for 126,502 shares; Min-seok Kim for 126,502 shares; Ki-poong Park for 63,251 shares; Myeong-jong Kim for 18,975 shares; Do-heum Yoon for 31,625 shares; Sterling Ltd. for 63,251 shares; Status of ship for 63,251 shares; Jaehyun Kim for 126,502 shares; Taeyoung Kim for 63,251 shares; Youngjo Jeong for 126,502 shares; Ja-won Hong for 6,325 shares; Jiyeon Hong for 6,325 shares; Hee-sook Bae for 9,487 shares; Seungbeom Han for 63,251 shares; L&K Biomed Ltd. for 741,003 shares. The company will issue shares of par value of KRW 500 per share through third party allocation capital increase method.

The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 7,772,543 shares to 10,104,305 shares. The transaction has been approved by board of directors of the company.