Fidelix Co., Ltd. (KOSDAQ:A032580) announced private placement of 2,300,000 shares at a price of KRW 1,485 per share for gross proceeds of KRW 3,415,500,000 with existing investor Dosilicon Co,. Ltd. on October 18, 2019. The company will issue shares at a premium to par value of KRW 500 per share through third party allocation.

The total number of shares will increase to 23,999,866 shares. The expected payment date is November 28, 2019. The shares to be issued are subject to hold period of 1 year.

The transaction has been approved by the board of directors.