MEDICOX Co., Ltd. announced a private placement of 9,830,693 shares at an issue price of KRW 1,831 per share for a gross proceeds of KRW 17,999,998,883 on February 7, 2023. The transaction will include participation from new investor, Guwol Partners Co. , Ltd. for 9,830,693 shares.

The company issued shares through third party allocation method. The transaction is expected to close on February 16, 2023. The transaction has been approved by the board of directors of the company.

The securities are restricted to a hold period of one year.