Bio Protech Inc announced a private placement of 225,975 registered common stock at a par value of KRW 500 per share at price of KRW 750 per share for gross proceeds of KRW 169,481,250 on December 2, 2021. The transaction will take place through third party allotment. The transaction was approved by the board of directors of the company.

The transaction is expected to close on December 30, 2021.