Semicon Light Co., Ltd. (KOSDAQ:A214310) announced a private placement of 2,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 1,000,000,000 on March 25, 2020. The transaction will include participation from returning investor Fusion Co.,Ltd (KOSDAQ:A195440). The shares will be issued through third party allotment method.

The shares will be issued at par. Post the closing, the number of shares will increase from 17,814,119 to 19,814,119. The transaction has been approved by the company's board of directors.

The expected closing date of the transaction is April 2, 2020.