IM Tech Inc. (KOSDAQ:A226350) announced a private placement 4,907,976 common shares at a price of KRW 815 per share for gross proceeds of KRW 4,000,000,440 with Top Dog Co., Ltd on March 7, 2019. The shares issued in the transaction have a par value of KRW 500 per share. The security will be issued at premium. The transaction will take place through third party allotment. The securities are subject to a hold period of 1 year. The transaction was approved by the board of directors of the company. The transaction is expected to close on March 15, 2019.