sMedio, Inc. announced a private placement of 306,000 shares at an issue price of Ã634 per share for gross proceeds Ã194,004,000 on July 1, 2022. The transaction will include participation from Kiwi Technology Inc. The transaction is expected to close on July 19, 2022. The transaction was approved by the board of directors of the company.
The company will receive funding through third party allotment.