N Citron, Inc. announced a private placement of 2,717,391 common shares at a price of KRW 736 per share for the gross proceeds of KRW 1,999,999,776 on March 31, 2023. The transaction will include participation from LabGenomics Co., Ltd. The shares are restricted to a hold period of 1 year. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on April 10, 2023.