G-Smatt Global Co., Ltd. (KOSDAQ:A114570) announced a private placement of 650,406 common shares of par value of KRW 500 per share and issue price of at KRW 12,300 per share for gross proceeds of KRW 7,999,993,800 on March 3, 2017. The transaction will take place through a third party allotment. Must Hedge Fund 1, Must Hedge Fund 2, Must Hedge Fund 3, and Must Wise Corporation Hedge Fund 4 will subscribe to 247,839 shares, 198,340 shares, 187,690 shares, and 16,537 shares respectively in the transaction. As a result of the transaction, the number of common shares of the company will increase from 19,778,476 shares. The payment date is March 6, 2017. The transaction has been approved by the board of directors. The shares are subject to a lock up period of one year from the closing.