Moogene Medi Co., Ltd. announced a private placement to issue 2,411,089 common shares at an issue rice of KRW 3,318 for the gross proceeds of KRW 7,999,993,302 on July 3, 2023. The transaction will include participation from new investors Pion-Tech Co., Ltd. for 1,506,931 shares, SEVEN BEAUTY Co., Ltd. for 301,386 shares, Kwak Yon Seok for 150,693 shares, Jung Gayeon for 150,693 shares, Park Jung Soo for 150,693 and Yoon Min Cheol for 150,693 shares. The transaction has been approved by the shareholders of the company and is expected to close on July 18, 2023.