Prostemics Co., Ltd. announced a private placement to issue 192,196 common shares at an issue price of KRW 5,203 per shares for gross proceeds of KRW 999,995,788 on June 23, 2023. The transaction will include participation from new investor, Betsupply No. 1 Investment Cooperative.

The transaction has been approved by the board of directors of the company. The transaction is expected to close the transaction on July 3, 2023.