Synergy Innovation Co., Ltd. (KOSDAQ:A048870) announced that it will issue 4,000,000 common shares at a price of KRW 1,940 per share for gross proceeds of KRW 7,760,000,000 on February 22, 2019. The transaction will include participation from Synergy Partners Co., Ltd. The shares will be issued at par value of KRW 500. The company will issue the securities through third party allotment. The transaction is expected to close on March 6, 2019. The transaction has been approved by the board of directors of the company. The securities to be issued are subject to a hold period of one year.