On October 2, 2023 NKGen Biotech, Inc. ("NKGen" or the "Company"), a clinical-stage biotechnology company focused on the development and commercialization of innovative autologous, allogeneic, and CAR-NK natural killer ("NK") cell therapies, reported that it has closed its previously announced business combination with Graf Acquisition Corp. IV ("Graf"), pursuant to which NKGen became a wholly-owned subsidiary of Graf and Graf changed its name to NKGen Biotech, Inc (Press release, NKMax America, OCT 2, 2023, View Source [SID1234635565]). The business combination and all other proposals presented were approved at a special meeting of Graf’s stockholders held on September 25, 2023.

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Beginning today, October 2, 2023, NKGen’s common stock will begin trading on The Nasdaq Global Market under the ticker symbol "NKGN" and NKGen’s warrants will begin trading on The Nasdaq Capital Market under the ticker symbol "NKGNW."

"The dedicated team of NKGen could not be more excited and ready to become a NASDAQ-listed company," said Paul Y. Song, M.D., CEO of NKGen. "Our mission has always been about transforming the lives of patients and their families and we have remained focused on tackling some of society’s biggest healthcare challenges. Our team has worked tirelessly to optimize our natural killer cell therapy platform with the goal to bring both autologous and allogeneic programs to the clinic for neurodegenerative diseases and cancer, respectively. We believe that being a public company will help us accelerate our clinical plans and programs and we are grateful to the entire Graf team for being tremendous partners during a very challenging capital markets environment."

James Graf, CEO of Graf, has joined NKGen as its Interim Chief Financial Officer. James commented, "We are proud to partner with Paul and his team to bring NKGen to the public markets. NKGen is doing such important work to bring hope to those suffering from neurodegenerative and other diseases. I am excited to continue the journey with NKGen as their Interim Chief Financial Officer."