Lightron Inc. (KOSDAQ:A069540) announced a private placement of 959,692 shares at a price of KRW 5,210 per share proceeds of KRW 4,999,995,320 on January 22, 2018. The shares have face value of KRW 500 per share and will be issued at premium. The transaction will include participation from new investors Jongeum Park for 479,846 shares and Hansung Kim for 479,846 shares. The company will issue shares through third party allotment method. The transaction has been approved by board of directors of the company. The shares are subject to a lock up period of one year. The transaction is expected to be completed by February 28, 2018.