WiSoL CO.,LTD. (KOSDAQ:A122990) announced a private placement of 4,000,000 shares at a price of KRW 13,300 per share for gross proceeds of KRW 53,200,000,000 on August 29, 2019. The transaction included participation from returning investor Daeduck Electronics Co., Ltd. (KOSE:A008060). The shares will be issued through third party capital increase.

The transaction has been approved by the board of directors of the company. All securities issued in the transaction are subject to a lock up period of 1 year. The company expects to close the transaction on September 6, 2019.