Helixmith Co., Ltd announced a private placement of 936,066 common shares of par value KRW 500 to be issued at an issue price of KRW 10,683 per share for gross proceeds of KRW 9,999,993,078 and 936,066 common shares of par value KRW 500 to be issued at an issue price of KRW 10,683 per share for gross proceeds of KRW 9,999,993,078; for aggregate total gross proceeds of KRW 19,999,986,156 on February 7, 2023. The transaction will include participation from returning investor CANARIABIO M Inc. The shares are to be issued pursuant to third party allotment method. The transaction is expected to close on February 15, 2023.

The transaction has been approved by the board of directors. The securities will be subject to a hold period of one year.