dBase& announced a private placement of 150,000 shares at KRW 20,000 per share for gross proceeds of KRW 3,000,000,000 on February 22, 2019. The transaction will include participation from existing investor CJ ENM CO., Ltd. (KOSDAQ:A035760). Post the closing, the investor will continue to hold its 100% stake in the company. The number of shares will increase from 125,000 to 275,000 shares. The payment date is February 26, 2019. The transaction has been approved by the of board of directors of the company.