NatureCell Co.,Ltd. announced a private placement of 1,000,000 common shares at an issue price of KRW 11,000 per share for gross proceeds of KRW 11,000,000,000 on May 2, 2023. The transaction will include participation from new individual investor, Jung Chan Ra for 1,000,000 shares. The transaction has been approved by board of directors of the company.

The expected date of payment is May 10, 2023. The securities have a hold period of one year from the date of issuance. The method of capital increase is through third party allotment.

The all new stocks will be locked up for one year from the listing date.