Sygnity S.A. (WSE:SGN) announced a private placement of 17,300,000 series AA shares and 30,000,000 series AB shares at a price of PLN 1 per share for gross proceeds of PLN 47,300,000 on June 26, 2018. The transaction will take place in two tranches with series AA shares to be issued to no more than 149 investors in the second tranche expected to close no later than December 25, 2018 and series AB shares to be issued in the first tranche expected to close no later than December 7, 2018. The transaction has been approved by the board of directors of the company.