Mobiis Co., Ltd. (KOSDAQ:A250060) announced a private placement of 3,940,887 common shares at a price of KRW 2,030 per share for gross proceeds of KRW 8,000,000,610 on May 28, 2018. The shares will be issued at premium. The transaction will take place through third party allotment.

The securities being issued are subject to a hold period of one year. The transaction will include participation from new investors Qualcomm-Company K Mobile Ecosystem Winwin Fund, a fund managed by Company K Partners Limited for 985,221 shares, 2015 HB Technology Industrialization Venture Investment Fund, a fund managed by HB Investment, Inc. for 985,221 shares, Company K Startup Win-win Fund for 985,221 shares, Company K Culture - ICT Fund for 246,306 shares, Company K Digital Contents Korea Fund for 246,306 shares, and HB Youth Venture Investment Fund for 492,612 shares. The transaction is expected to close on June 7, 2018.