SR biotek Inc. (XKON:A270210) announced a private placement of 100,000 common shares at an issue price of KRW 10,000 per share for gross proceeds of KRW 1,000,000,000 on April 13, 2020. The transaction will involve participation from existing investor Baejeong Stocks Co., Ltd. The shares have a face value of KRW 500, will be issued at a premium, and through third party allotment method. Post completion of the transaction, the number of issued common shares will increase from 566,808 shares to 666,808 shares. The shares have a hold period of 1 year. The transaction is expected to close on April 21, 2020. The transaction was approved by the board of directors of the company.