MEDICOX Co., Ltd. announced a private placement of 13,020,832 common shares at a price of KRW 768 per share for the gross proceeds of KRW 9,999,998,976 on November 7, 2023. The transaction will include participation from new investors, Needs Investment, Y Investment Fund, Midong No. 1 Fund, JP Investment Fund for 3,255,208 shares each.

The transaction is expected to close on December 27, 2023. The shares will be allotted through third-party method of allotment.