Patent Fund S.A. (WSE:PFD) announced a private placement of 1,000,000 H shares at PLN 0.39 per share for gross proceeds of PLN 390,000 on February 6, 2018. The shares carry a par value of PLN 0.1 each and will be issued at a premium. The transaction will include participation from one legal entity. The company and the investor entered into an investment agreement as part of the transaction. The transaction was approved by the management board at the extraordinary general meeting of the company.