TS Nexgen Co., Ltd. announced a private placement to issue 13,559,322 shares at an issue price of KRW 590 for the gross proceeds of KRW 7,999,999,980 on January 31, 2024. The transaction will include participation from new investor Cisco Bio Investment Association for 13,559,322 shares. The transaction has been approved by the shareholders and is expected to close on March 18, 2024.

The securities are restricted to a hold period of 1 year.