FutureChem Healthcare announced that it will issue 8,342,603 common shares at a price of KRW 899 per share for gross proceeds of KRW 7,500,000,000 on February 9, 2023. The transaction will include participation from returning investor FutureChem Co.,Ltd for 98.21% upon closing and currently holds 95.57%. The company will issue the securities through third party allotment.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 28, 2023.