LabGenomics Co., Ltd. announced that private placement of 4,696,099 shares at an issue price of KRW 7,260 for the gross proceeds for not more than KRW 34,093,678,740 on August 20, 2022. The transaction included participation from returning investorLuha Private Equity. The transaction has been approved by the board of directors of the company.

The transaction is expected to closed on November 12, 2022. Post closing the transaction, the investor would have 23.28% stake in the company. The company has a holding period of 1 year.