NKGen Biotech Faces Delays in Financial Reporting Amid Funding Challenges

Reuters07-17
NKGen Biotech Faces Delays in Financial Reporting Amid Funding Challenges

NKGen Biotech Inc. has announced a delay in its financial reporting due to operational challenges stemming from limited financial resources and the unexpected bankruptcy of its former parent company, NKMax Co., Ltd. in June 2024. The company is working to regain compliance with its reporting obligations and listing standards, with new funding of $2 million from a Japanese strategic investor aiding this effort. The delay has impacted the completion of its financial filings, but NKGen is on track to resolve the issue in the near term. The specific financial period and form type were not disclosed in the document.

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