Osstem Global Co., Ltd. announced that it will issue 922,788 common shares of par value KRW 10,000 per share, at an issue price of KRW 21,673 per share for gross proceeds of KRW 19,999,584,324 on November 11, 2021. The transaction will include participation from returning investor Osstem Implant Co., Ltd. The company will raise the funding through shareholder allocation increase method. Post closing, the investor will continue to hold 100% stake in the company.

The transaction has been approved by the board of directors of the company, and is expected to close on December 14, 2021.