CODI-M Co., LTD. (KOSDAQ:A224060) announced a private placement of 3,231,017 common shares at a price of KRW 619 per share for gross proceeds of KRW 1,999,999,523 on December 27, 2018. The shares have a face value of KRW 100. The transaction will include participation from existing investor Codi-M Bio Consortium. The securities are issued at a discount rate of 10% on theoretical ex-rights share price. The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 28, 2019. The securities issued are subject to hold period.