LED iBond International A/S announced a private placement of 12,857,141 common shares at price of DKK 0.35 per share for the gross proceeds of DKK 4,499,999.35 and convertible term loan for the gross proceeds of DKK 5,500,000; for aggregate total gross proceeds of DKK 9,999,999.35 on November 29, 2023. The transaction will include participation from 3 existing shareholders and 3 new investors. The transaction is expected to close in December, 2023.