AcornSoft Inc. announced a private placement of 80,000 common shares at a face vale of KRW 5,000 per share for gross proceeds of KRW 2,000,000,000 on December 17, 2018. The transaction will include participation from existing investor Namu Tech Co., Ltd. The company will issue 0.68965517 shares per 1 existing share. Post the closing of the transaction, the shares will increase from 116,000 to 196,000. The subscription date is December 18, 2018 and the payment date is December 19, 2018. The securities are issued through third party allocation method. The transaction has been approved from board of directors of the investor.