EMnI Co., Ltd. (KOSDAQ:A083470) announced a private placement of 3,000,000 common shares at a par price of KRW 100 per share for gross proceeds of KRW 1,500,000,000 on April 29, 2020. The transaction will include participation from returning investor IntroMedic Co., Ltd. (KOSDAQ:A150840). The company will raise the funding through third party allotment method.

All securities to be issued must be held for one year. The transaction has been approved by the board of directors of the company, and is expected to close on May 7, 2020.