Feelingk Co., Ltd (KOSDAQ:A064800) announced a private placement of 3,355,704 common shares at a pirce of KRW 894 per share for gross proceeds of KRW 2,999,999,376 on April 6, 2020. The company will receive funding through third-party allotment of shares. The transaction will include participation from existing investor Gemvaxzio Co., Ltd. (KOSDAQ:A041590).

The shares issued will be subject to restriction period of one year. The transaction is expected to close on April 14, 2020. The transaction has been approved by board of directors of the company.