Food With Co., Ltd. announced a private placement of 1,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 500,000,000 on April 27, 2020. The transaction will include participation from returning investor Lotte Food Co.,Ltd. (KOSE:A002270). The common shares have a face value of KRW 500 per share. The funding will be raised through shareholder allocation method. The start date for subscription is May 14, 2020 and end date is May 14, 2020. The company expects to close the transaction on May 14, 2020. The shares allocation date is April 28, 2020. The transaction has been approved by the company’s board of directors.