SELVAS Healthcare, Inc. (KOSDAQ:A208370) announced a private placement of 882,612 common shares at the price of KRW 2,266 per share for gross proceeds of KRW 1,999,998,792 on April 11, 2019. The transaction will include participation from existing investor Selvas AI Inc. (KOSDAQ:A108860). The company will issue shares through 3rd party allotment.

The face value of the share is KRW 500 per share. The total common shares before the transaction is 3,147,071 and other shares are 907,323.The shares are locked for 1 year. The board of directors of the company has approved the transaction.

The scheduled delivery date of new shares is May 13, 2019. The scheduled listing date of share is May 14, 2019. The transaction is expected to close on April 19, 2019.