Youngtimers AG announced private placement of 50 million common shares at an issue price of CHF 0.7 for gross proceeds of CHF 35 million led by L Holding S.R.L. on June 30, 2021. The transaction included participation from shareholder and chairman of the board Adam Lindemann, who now owns 3%, and his deputy Clive Ng, who owns 23.04%. Investors are required to hold their securities until the end of 2022. The transaction was approved by the board of directors of the company. The company's will have 62,013,566 shares outstanding.