Esmo Corporation (KOSDAQ:A073070) announced a private placement of 13,623,978 shares at a issue price of KRW 367 per share for the gross proceeds of KRW 4,999,999,926 on November 10, 2020. The transaction will include participation from DUKIL. CO. LTD for all the securities in the transaction. The company will raise funding through third party allotment. The shares issued in the transaction have a lock up period of one year. The transaction has been approved by board of directors of the company. The transaction is expected to close on November 18, 2020.