Dio Medical Corp announced that it will issue 90,000 shares at a price of $5 per share for gross proceeds of $450,000 on December 3, 2020. The transaction will include participation from returning investor, HUVEXEL Co.,Ltd. (XKON:A212310) to retain 100% stake in the company. Post to the transaction, the number of issued shares of the company will increase from 270,000 shares to 360,000 shares. The transaction has been approved by board of directors of investor. The transaction is expected to close on December 10, 2020.