SNP Genetics Inc. announced a private placement of 1,408,450 shares at a price of KRW 7,100 per share for gross proceeds of KRW 9,999,995,000 on May 19, 2022. The company announced that it has received funding trough third party allotment of capital. The transaction has been approved by board of directors of the company and is expected to close on July 20, 2022.

The transaction will include participation from GW Vitek CO.,LTD.