MEDICOX Co., Ltd. announced a private placement of 7,936,507 common shares at issue price of KRW 5,040 per share for gross proceeds of KRW 3,999,999,528 on May 13, 2022. The transaction will include participation from existing investor Connec Co. Ltd. The company will issue securities through third party allocation increase.

The transaction is expected to close on July 13, 2022. The transaction has been approved by the board of directors of the company.