SK Plasma Co., Ltd. announced that it will issue 2,666,667 common shares and 1,000,000 convertible preferred shares at a price of KRW 30,000 per share each for an aggregate gross proceeds of KRW 110,000,010,000 on July 28, 2021. The transaction will include participation from returning investor, SK Discovery Co., Ltd. for 1,666,667 common shares, TiumBio Co., Ltd. for 1,000,000 common shares, and Kip Innovative Growth Scale-Up Private Equity Fund for 1,000,000 convertible preferred shares. The preferred shares are cumulative and will be convertible into common shares of the company.

The transaction is expected to close on August 6, 2021. The transaction was approved by the board of directors of the company. Post to the closing, SK Discovery Co., Ltd. will hold 67.89% stake in the company.

The company will receive funding through third party allocation.