Baumot Group AG (XTRA:TINC) announced an oversubscribed private placement of 393,724 common shares at €2.70 per share for gross proceeds of €1,063,055 on May 8, 2018. The transaction included participation from selected qualified investors in Germany and Switzerland. Pursuant to the transaction, the company's share capital increased from 16,328,913 to 16,722,637. The transaction has been approved by the board of directors of the company.