7C Solarparken AG (DB:HRPK) announced a private placement of 4,679,182 common shares at a price of €2.55 per share for gross proceeds of €11,931,914 on June 19, 2018. The company has issued shares at a premium of €1.55. The company's share capital has been increased from €46,790,000 to €51,470,000. The transaction was approved by the shareholders of the company in its general meeting of June 1, 2018 and also received approval from supervisory board.