Paratech Company Limited announced a private placement of 6,557,377 shares for gross proceeds of KRW 3,050 per share for gross proceeds of KRW 19,999,999,850 on May 3, 2021. The transaction includes participation from returning investor, NSENG. The company will raise funds through third party allocation increase. The transaction is expected to close on May 28, 2021. The transaction has been approved by the board of directors of the company. The shares to be issued shall have a hold period of one year from the closing of the transaction.