Turing AI Holdings GmbH announced that it expects to receive KRW 10.0698 billion in funding from Korea Electronic Certification Authority, Inc.
Turing AI Holdings GmbH announced a private placement of 7,800,000 shares at an issue price of KRW 1,291 per share for gross proceeds of KRW 10,069,800,000 on January 13, 2020. The transaction will include participation from returning investor Korea Electronic Certification Authority, Inc. (KOSDAQ:A041460). The transaction is expected to clsoe on March 31, 2020.