Astrogen Co.,Ltd. announced a private placement to issue 167,682 common shares at an issue price of KRW 17,891 per share for the gross proceeds of KRW 2,999,998,662 on November 14, 2023. The transaction will include participation from new investors JHC-Kangwon National University Technology Holdings Regional Angel Stepping Stone Fund for 55,894 shares and KOREA PHARMA Co., Ltd. for 111,788 shares. The transaction has been approved by shareholders of the company and is expected to close on November 30, 2023.