ITX-M2M Co., Ltd. (KOSDAQ:A099520) announced that t will issue 2,158,273 at a price of KRW 1,390 per share for a gross proceeds of KRW 2,999,999,470 on September 20, 2019. The transaction includes participation from BN Value Industry Association and existing investor Sangyeol park. The transaction has been approved by the board of directors of the company. The shares has a par value of KRW 500 and issue for premium at KRW 1,390 per share.