Core Insights - NKGen Biotech, Inc. has received a significant investment of $2.65 million from its Chairman & CEO, Dr. Paul Y. Song, to support its Phase 2 clinical trial for Alzheimer's Disease and to address financial obligations [2][3] - The company has also secured approximately $3 million in funding advances from AlpineBrook Capital, which is intended to bolster its core operations and financial reporting requirements [4][5] Funding Details - Dr. Song's investment was made in the form of common stock and warrants, reflecting his confidence in the company's long-term growth prospects [3] - The total funding from AlpineBrook includes $3 million in advances and previous commitments of $5.5 million from convertible notes, along with an additional $4 million [1][4] Company Strategy - The new capital is crucial for NKGen to ramp up its Phase 2 trial and meet public company compliance requirements, which are essential for its long-term success [3][4] - Dr. Song emphasized the alignment of interests between the management team and investors, showcasing a strong commitment to the company's vision and potential [4]

Core Viewpoint - NKGen Biotech, Inc. has been notified of its delisting from the Nasdaq Global Market due to non-compliance with market value requirements, and will transition to trading on the OTC Markets starting March 5, 2025 [1][6] Company Developments - The company will not proceed with a previously announced 1-for-6 reverse stock split following the move away from Nasdaq [2] - NKGen has faced significant challenges related to the financial restructuring of its former parent company, NKMAX, Co. Ltd., but maintains confidence in its scientific approach to treating neurodegenerative diseases [3] - The company has received U.S. FDA Fast Track designation for its innovative NK cell therapies and has presented promising data at major Alzheimer's conferences [3] - NKGen aims to complete enrollment in its Phase 2a Alzheimer's clinical trial by the end of Q2 2025, with preliminary results expected later in the year [6] Trading Information - NKGen's common stock and warrants will trade on the OTCQX platform under the ticker symbols "NKGN" and "NKGNW" respectively [1][6] - The company has regained compliance with SEC public reporting obligations as of March 4, 2025, and intends to maintain these obligations during its transition [6]