Baumot Group AG (XTRA:TINC) announced a private placement of 1,400,000 common shares of face value €1 each issued at €2.10 per share for gross proceeds of €2,940,000 on September 9, 2019. The transaction included participation from set of selected Germany and Switzerland investors. The company has received €1,400,000 as new registered capital and €1,540,000 for capital reserve. The registered capital of the company has increased from €20,780,330 to €22,180,330 against cash contributions, excluding subscription rights.