AIOBIO Co., Ltd. announced a private placement of 117,648 registered convertible redeemable preferred shares at an issue price of KRW 8,500 for the gross proceeds of KRW 1,000,008,000 on February 15, 2023. The transaction included participation from A&I Co., Ltd. The shares are allotted through 3rd party allocation increase method. The transaction has been approved by shareholders of the company.

The transaction is expected to close on March 3, 2023.