ISU Abxis Co., Ltd announced a private placement of 1,428,571 common shares at an issue price of KRW 7,000 per share for the gross proceeds of KRW 9,999,997,000 on October 12, 2023. The transaction has been approved by the shareholders of the company. The transaction will include participation from new investor ISU Chemical Co., Ltd. The shares are restricted to a hold period of 1 year.

The transaction is expected to close on October 23, 2023.