Air Premia Inc. announced a private placement of 2,060,925 shares at a price of KRW 2,520 per share for gross proceeds of KRW 5,193,531,000 on July 22, 2019. The transaction included participation from existing investor, Seouleaguer Co., Ltd. (KOSDAQ:A043710). The company issued common shares through cash paid-in capital increase participation. The transaction has been approved by the board of directors of the investor.