BioMaxima Spolka Akcyjna (WSE:BMX) announced a private placement for gross proceeds of PLN 2,640,000 on December 19, 2011. The transaction will see participation from Emapol Sp.z.o.o. On March 15, 2012, the company announced that it will issue a minimum of 1 and maximum of 1,000,000 C series shares. The transaction will also see participation from institutional investors. The company will issue shares at a price of PLN 7.50 per share. On May 14, 2012, BioMaxima Spolka Akcyjna closed the transaction. The company issued 1,000,000 shares to 11 investors for total gross proceeds of PLN 7,500,000. The subscription period for the shares started from March 23, 2012 and ended on April 30, 2012. The company incurred cost of PLN 652,839 for the transaction.