Skin n Skin Co., Ltd. (KOSDAQ:A159910) announced that it has entered into a legally binding contract for a private placement of 121,359,223 common shares at a price of KRW 103 per share for gross proceeds of KRW 12,499,999,969 on February 22, 2021. The transaction will include participation from new investor The Soft Inc. for 46.6% stake. The company is raising funding through third-party allotment. The shares to be issued are subject to a hold period of one years. The payment date of the transaction in March 5, 2021.