UAA Korea Co., Ltd. announced a private placement of convertible notes for gross proceeds of $1,000,000 on January 17, 2014. The round included participation form new investor Spackman Equities Group Inc. The notes will have an interest of 7% per annum and will be convertible into common shares at $200 per share. The notes will mature in one year.

On January 17, 2014, UAA Korea Co., Ltd. closed the transaction.