Carasso Motors Ltd. (TASE:CRSO) announced a private placement of 600,000 common shares of par value ILS 0.001 issued at a price of ILS 9 per share for gross proceeds of ILS 5,400,000 to an investor on June 4, 2020. The investor will acquire 0.66% stake in the company through this transaction. The shares are subject to a 6-month hold period. The transaction has been approved by the board of directors of the company.