New Risk • Jun 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩144.8b (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (₩609m revenue, or US$404k). Minor Risk Market cap is less than US$100m (₩144.8b market cap, or US$96.2m). Announcement • Jun 12
NeoImmuneTech, Inc. announced that it expects to receive KRW 1.5183912 billion in funding NeoImmuneTech, Inc. announced a private placement to issue 683,960 common shares at an issue price of KRW 2,220 for gross proceeds of KRW 1,518,391,200 on June 10, 2026. The transaction includes participation from new investor, Emmaus Life Scicences, Inc. The transaction has been approved by the board of directors of the company. The payment date of the transaction is June 18, 2026. The transaction will happen through third party allocation. The shares are subject to 1 year lock-up. Board Change • Jun 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Member of Scientific Advisory Board Rafi Ahmed is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.