Mycenax Biotech Inc. announced a private placement of up to 50,000,000 common shares on March 13, 2024. The transaction will include participation from returning investors Center Laboratories, Inc, JCR Pharmaceuticals Co., Ltd. and new investors Nien Hsing International Investment Co., Ltd., Jason Technology Co., Ltd., China Investment and Development Co., LTD., Pei-Jiun Chen, Chun-Hong Chen, Yoh Ito, En-Tzn Liu, Chia-Ling Lin, Yi-Hsin Lee, Wei-I Chou, Chin-Hao Liang and Li-Ju Yeh. The transaction has been approved by the shareholders of the company.