Fantagio Corp. (KOSDAQ:A032800) announced a private placement of 5,800,464 shares of par value, KRW 500 at a price of KRW 862 per share for gross proceeds of KRW 4,999,999,968 on December 22, 2020. The transaction will include participation from Moonwoo Co., Ltd. The transaction is expected to close on December 30, 2020. The transaction was approved by the board of directors of the company. The securities issue will have a hold period of one year. The company will receive funding through third party allocation.