Helixmith Co., Ltd announced a private placement of 2,971,137 common shares of par value KRW 500 to be issued at an issue price of KRW 11,780 per share for proceeds of KRW 34,999,993,860 on December 21, 2022. The transaction will include participation from CANARIABIO M Inc. The shares are to be issued pursuant to 3rd party allotment method. The transaction is expected to close on December 29, 2022.

The transaction has been approved by the board of directors. The securities will be subject to a hold period of one year.