GenNBio Inc. announced a private placement of 7,968,127 common shares at an issue price of KRW 1,255 for gross proceeds of KRW 9,999,999,385 on August 24, 2021. The transaction include participation from MC Partners, Inc. The securities are issued through third party allotment.The securities issued are subjected to one year hold period. The par value of securities is issued are KRW 100. The expected payment date of the transaction is on September 16, 2021. The transaction was approved by the board of directors of the company. On September 8, 2021, the company announced that MC Partners, Inc will not be a investor in the transaction, instead MCbio Private Equity Joint Venture is the investor in the transaction.