AIBIT Co., Ltd. (KOSDAQ:A039230) announced a private placement of 10,000,000 common shares issued at a price of KRW 500 per share for proceeds of KRW 5,000,000,000 on February 15, 2021. The transaction will include participation from Technium Co., Ltd. The shares will be issued through a third party allotment method and will have a lock up period of one year. The transaction has been approved by the board of directors of the company and is expected to close on April 30, 2021.