Skin n Skin Co., Ltd. (KOSDAQ:A159910) announced a private placement of 13,333,333 shares at a price of KRW 750 per share for proceeds of KRW 9,999,999,750 and 7,207,207 shares at a price of KRW 555 per share for proceeds of KRW 3,999,999,885 and unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 25,000,000,000 on April 3, 2018. The transaction will include participation from new investor, Korea Stem Cell Bank Co., Ltd. for 25.09% stake. The shares will be issued at premium. The transaction will take place through third party allotment. The securities being issued are subject to a hold period of 1 year. The bonds will mature on June 22, 2021. The bonds are convertible into shares at a price of KRW 922 per share from June 22, 2019 to May 22, 2021. The transaction was approved by the board of directors of the company. The transaction is expected to close on May 25, 2018. On the same date, the company announced that it has received KRW 3,999,999,885 in its first tranche.