NET New Energy Technologies AG (WBAG:WTE) announced a private placement of common shares 608,500 shares at a price of €1 per share for gross proceeds of €608,500 on October 19, 2020. The transaction will include participation from private and institutional investors. The registered capital of the company will increase from €4,101,442 to €4,709,942. The transaction has been approved by the board of directors of the company.