ENF USA Holdings, Inc. announced a private placement of 1,000,000 shares at a price of 5,975.5 each for gross proceeds of KRW 5,975,500,000 on July 29, 2020. The transaction will include participation from returning investor ENF Technology Co., Ltd. (KOSDAQ:A102710) to retain its 100% stake in the company. The transaction has been approved by the board of directors of the company. The transaction is expected to close on July 31, 2020.