BYON Co., Ltd. announced a private placement of 4,313,000 common shares at the price of KRW 1,623 per share for gross proceeds of KRW 6,999,999,000 on August 2, 2023. The transaction will include participation from new investor I-World Pharm Co., Ltd. The company will issue shares of par value of KRW 500 per share through third party allocation capital increase method. The shares will be locked up for a period of one year.

Post closing, the total number of shares issued will increase from 37,657,002 shares to 41,970,002 shares. The transaction has been approved by board of directors of the company.