SHOPiMORE AG (DUSE:GNR) announced a private placement of 24,500 common shares on May 18, 2018. The transaction will involve participation from Nussbaum Medien. The investor will acquire 12,250 shares each in two tranches with the second tranche expected to close on October 31, 2018. Post the closing of the transaction, the investor will hold 8.17% stake in the company. The investor will also receive an option to increase its stake in the company to 25% plus one share. The exercise of this option will depend on the achievement of the company's sales and earnings figures.