SD Biotechnologies Co., Ltd. announced a private placement of 8,784,773 common shares at an issue price of KRW 1,366 per share for gross proceeds of KRW 11,999,999,918 on January 26, 2023. The transaction will include participation from new investor, Sungwon Global Cargo Co., Ltd. for 8,784,773 shares. The method of capital increase is through third party allocation.

The transaction has been approved by board of directors of the company. The expected date of payment is March 22, 2023. The securities have a hold period of one year.