Adbiotech to Raise 16.6 Billion Won Through Third-Party Allotment to BK Partners Investment Association

KOSDAQ-listed company Adbiotech announced on the 27th that it has decided to issue new shares through a third-party allotment to raise approximately 16.57 billion won for operating funds and other purposes.

A total of 6,152,988 new common shares will be issued at 2,693 won per share. The third-party allotment recipients are BK Partners Investment Association No.1 (3,107,259 shares) and BK Partners Investment Association No.2 (3,045,729 shares).

The company stated that the purpose of the third-party allotment capital increase is for "operating funds."