Magicmicro Co.,Ltd (KOSDAQ:A127160) announced a private placement of 10,169,491 common shares at a price of KRW 295 per share for gross proceeds of KRW 2,999,999,845 through third party allocation increase on December 22, 2020. The shares have a par value of KRW 100 per share. The transaction will include participation from The Stage Soom Co., Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on December 30, 2020. The shares to be issued in the transaction are subject to restriction period of one year.