Stoppoint S.A. (WSE:STO) announced a private placement of not more than 7,000,000 Series I shares at the price of not less than PLN 0.12 per share for gross proceeds of PLN 840,000 on July 13, 2017. The company will increase share capital from PLN 32,707746.1 to PLN 33,707,746.2. The transaction will be issued in private subscription with the exemption of pre-emptive right. The transaction has been approved by the board of directors of the company. The transaction is expected to complete by August 31, 2017.