Atlasbx America Corp. announced a private placement of 6,000 common shares at a price of KRW 5,376,500 for gross proceeds of KRW 32,259,000,000 on May 11, 2018. The transaction will include participation from existing investor ATLASBX Co., Ltd. (KOSDAQ:A023890). The company will receive payment in two tranches for KRW 16,129,500,000 each. The expected date of closing for first tranche is July 31, 2018 and for second tranche is November 30, 2018. The company will issue shares at premium. The number of shares allocated per existing share is 0.8823529. The share capital of the company will increase from 400 shares to 6,400 shares. The transaction has been approved by board of directors of the investor. The company reported sales of KRW 18,518,000,000, total assets of KRW 17,262,000,000, and net income of KRW -351,000,000 on December 31, 2017.