Scape Technologies A/S (CPSE:SCAPE) announced a private placement of 338,601 shares at issue price of DKK 8.86 per share for gross proceeds of DKK 3,000,004.86 on August 31, 2020. The transaction includes participation from returning investor, Hongkong Maxonic Co., Ltd. The stake of the investor will increase from 19.46% to 21.44% and the number of shares held will increase from 2,619,206 shares to 2,957,807 shares post closing of the transaction. The transaction has been approved by the board of directors of Shenzhen Maxonic Automation Control Co., Ltd. at the eighteenth meeting of the fourth board of directors. The transaction still needs to be approved by the relevant regulatory authorities.