Bioptro Inc. announced a private placement that it will issue 1,649,073 common shares at an issue price of KRW 4,241 for the gross proceeds of KRW 6,993,718,593 on October 26, 2023. The transaction will include participation from new investor, NPX Holdings Co., Ltd. for 1,649,073 shares. The company will issue shares through third-party allotment.

The transaction is expected to close on January 5, 2024. The transaction has been approved by the board of directors of the company.