HLB SCIENCE Inc. announced a private placement that it will issue 3,365,115 common shares at a price of KRW 1,783 having face value of KRW 500 for the gross proceeds of KRW 6,000,000,045 on September 18, 2023. The transaction will include participation from new investor, HLB Life Science Co., Ltd. The company will issue shares through third-party allotment. The transaction has been approved by the board of the directors of the company.

The transaction is expected to close on September 26, 2023.