Scape Technologies A/S announced a private placement of common shares for gross proceeds of DKK 5,000,000 on September 4, 2018. The transaction will involve participation from Hongkong Maxonic Co., Ltd. Post the closing of the transaction, the investor will hold 21.92% stake in the company and the registered capital of the company will increase from DKK 8,017,190 to DKK 8,817,190. The transaction has been approved by the board of directors of Shenzhen Maxonic Automation Control Co., Ltd., parent of the investor at the 4th meeting of its 4th directorate. The company reported total assets of DKK 11,594,380, total liabilities of DKK 11,948,392, net assets of DKK -354,012, operating revenue of DKK 6,121,061, and net profit of DKK -9,099,130 for the year ended December 31, 2017.