URSUS Spólka Akcyjna (WSE:URS) announced a private placement of 5,000,000 series R shares at PLN 2.50 per share for gross proceeds of PLN 12,500,000 on May 16, 2017. The transaction included participation from POL-MOT Auto Sp. z o.o. and Invest-mot Sp Z O.o. The transaction was approved by the management board of the company