micData AG (MUN:M14K) announced a private placement of 400,000 common shares at an issue price of €1.25 per share for gross proceeds of €500,000 on March 6, 2019. The transaction will include participation from returning investor Mic AG (XTRA:M3B). The transaction has been approved by the board of director of the investor.

Post completion of the transaction, the investor will hold 20.54% stake in the company.