Kolon TissueGene, Inc. announced a private placement to issue 762,350 shares at an issue price of KRW 62,640 for the gross proceeds of KRW 47,753,604,000 on May 23, 2024. The transaction will include participation from returning investor Kolon Corporation. The transaction has been approved by shareholder, restricted to a hold period and is expected to close on May 30, 2024.