PTWP Event Center sp z o.o. announced a private placement of 10,000 common shares at PLN 50 per share with existing investor, Polskie Towarzystwo Wspierania Przedsiebiorczosci Spólka Akcyjna for gross proceeds of PLN 500,000 on February 26, 2016. The transaction was a recapitalization round of funding. The investor will continue to hold 100% stake in the company upon completion and the capital of the company increased to PLN 505,000.