Aprogen Biologics Inc. announced a private placement to issue 33,039,648 common shares at an issue price of KRW 908 per share for the gross proceeds of KRW 30,000,000,384 on July 4, 2024. The transaction will include participation from new returning Aprogen Medicines. The transaction has been approved by shareholders of company, restricted to a hold period and is expected to close on August 14, 2024.