Nutribiotech USA, Inc. announced a private placement of 3,700,000 shares at $1 per share for gross proceeds of $3,700,000 on December 29, 2015. The transaction will include participation from existing investor, NutriBiotech Co., Ltd. On closing, the investor will retain its 100% stake in the company. The investment date for the transaction is expected on December 30, 2015.

The transaction was approved by the board of directors of the investor. The company reported total assets of KRW 3,254,000,000 ($2,960,500), total liabilities of KRW 986,000,000 ($897,065), total capital of KRW 2,268,000,000 ($2,063,430), capital of KRW 2,330,000,000 ($2,119,840), and net loss of KRW 62,000,000 ($56,407.7) for the year ended December 31, 2014. The conversion was done through www.oanda.com on December 31, 2014.