Streami, Inc. announced that it expects to receive KRW 5.420243672 billion in funding from Citylabs Co.,Ltd.
September 22, 2023
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Streami, Inc. announced a private placement to issue 76,308 common shares at a price of KRW 71,031.13267 for the gross proceeds of KRW 5,420,243,672 on September 22, 2023. The transaction will include participation from new investor Citylabs Co.,Ltd. The transaction has been approved by the board of directors of the company.
BFLabs Co Ltd, formerly CityLabs Co Ltd, is a Korea-based company mainly engaged in the provision of intelligent transportation system (ITS) solutions. The Company's ITS construction service business and closed circuit television (CCTV) integrated control center business include advanced traffic signal control systems, automatic enforcement systems, road traffic management systems, driver information systems, optimal route guidance systems, travel service information systems, public transportation information provision and public transportation management systems, electronic security systems, common check-in systems, safety security systems, maritime traffic control system establishment, and air traffic control system establishment. The Company combines all of these to conduct smart city construction business. It also engages in multilayer glass production facility manufacturing industry, healthcare media, digital marketing and social networks, and hosting domain services.
BFLABS CO.,LTD. 
