SR biotek Inc. announced a private placement of 134,499 common shares at an issue price of KRW 3,300 per share for gross proceeds of KRW 443,846,700 on November 21, 2022. The transaction will include participation from Craver Corporation Co., Ltd. for 116,399 shares, individual investors, Byeongho Song for 15,768 shares and Hong-gun Yoon for 2,332 shares. The common shares will have a lock-up period of one year.

The transaction has been approved by board of directors of the company. The expected date of payment is December 6, 2022.