micData AG (MUN:M14K) announced a private placement of 400,000 common shares at an issue price of 1.25 per share for gross proceeds of 500,000 on March 6, 2019. The transaction will include participation from returning investor Mic AG (XTRA:M3B). The transaction has been approved by the board of director of the investor.
Post completion of the transaction, the investor will hold 20.54% stake in the company.