GTG Wellness Co., Ltd. announced a private placement of 3,783,783 common shares of par value of KRW 500 per share at an issue price of KRW 1,850 per share for gross proceeds of KRW 6,999,998,550 on December 24, 2021. The transaction will include participation from Odysseus 3 Fund who will become the largest shareholder of the company post the transaction. The transaction has been approved by the board of directors of the company.

The shares to be issued are subject to a hold period of one year. The payment date is on February 15, 2022.