Kainos Medicine, Inc. announced a private placement of 1,033,592 common shares at an issue price of KRW 1,935 per share for gross proceeds of KRW 2,000,000,520 on June 15, 2022. The transaction will involve participation from existing investor, SC United Co., Ltd. The payment date is June 23, 2022. The transaction has been approved by the board of directors of the company.