Prostemics Co., Ltd. announced a private placement of 2,374,826 common share at an issue price of KRW 5,053 for the gross proceeds of KRW 11,999,995,778 on June 23, 2023. The transaction will include participation from new investor H-Link Co.,Ltd for 2,374,826 shares. Dividend date for new share is January 1, 2023.

Expected date of listing of new share is July 30, 2023. The company has used third party allocation method in the transaction. The transaction is approved by board of directors.

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