Wantedly Singapore Pte. Ltd. announced a private placement of 800,000 shares at a price of SGD 1 per share for gross proceeds of SGD 800,000 on October 13, 2017. The transaction will include participation from returning investor, Wantedly, Inc (TSE:3991) to maintain its 100% stake in the company. Post the closing of the transaction, the number of shares will increase from 800,000 shares to 1,600,000. The transaction was approved by the board of directors of the investor. The transaction is expected to close by the end of October 2017.