Vadsbo SwitchTech Group AB (XSAT:VADS) announced a private placement of 200,000 shares at a price of SEK 6.53 per share for gross proceeds of SEK 1,306,000,000 on March 14, 2017. The transaction included participation from existing individual investors Radislav Kondic and Rajko Kondic. Post the closing, they together own a total of 358,000 shares. Post the closing, the number of the issued shares increased to 14,453,100.