Medifron DBT Co., Ltd. announced a private placement of 20,710,059 common shares at a price of KRW 1,014 per share for the gross proceeds of KRW 20,999,999,826 on February 15, 2024. The transaction will include participation from new investor FSN Co., Ltd. The transaction has ben approved by the shareholders of the company is expected to close on April 26, 2024. The shares are restricted to a hold period of 1 year.