G-Smatt Global Co., Ltd. (KOSDAQ:A114570) announced a private placement of 4,838,709 common shares at a price of KRW 620 per share for gross proceeds of KRW 2,999,999,580 on February 10, 2021. The shares have a face value of KRW 500. The transaction will include participation from Yong San Holdings. Co., Ltd. The company will receive funding through third party allotment of capital. The transaction has been approved by board of directors of the company and is expected to close on February 25, 2021. The shares issued will be subject to hold period of one year.