SR biotek Inc. announced a private placement of 333,333 common shares at an issue price of KRW 3,000 per share for gross proceeds of KRW 999,999,000 on January 7, 2022. The shares have a face value of KRW 500, will be issued at a premium, and through share allocation method. The subscription date is February 25, 2022 to February 28, 2022. The transaction is expected to close on December 3, 2022. The transaction was approved by the board of directors of the company.