Aprogen Healthcare & Games Inc. announced a private placement and it will issue 47,945,206 common shares at an issue price of KRW 730 each for gross proceeds of KRW 35,000,000,380 on December 11, 2023. The common shares have a face value of KRW 500 per share. The transaction will include participation from new investor, Aprogen Medicines Inc., and returning investor, G-Baise Inc. The company will issue shares through third party capital increase.

The payment date for the transaction is December 19, 2023. The transaction has been approved by board of directors of the company.