Scape Technologies A/S (CPSE:SCAPE) announced a private placement to issue minimum of 6,363,636 shares to 9,197,643 shares each with a par value of DKK 1 and an issue price of DKK 5.50 per share for gross proceeds of approximately DKK 50,587,037 on November 12, 2020. The transaction includes participation from specific shareholders and existing shareholders, Hongkong Maxonic Co., Ltd for 1,272,727 shares for DKK 6,999,998.50. The number of shares held by Hongkong Maxonic Co., Ltd will increase from 4,207,807 shares to 5,480,534 share post closing of the transaction. Before this transaction, the company and Hongkong Maxonic Co., Ltd held a total of 30.50% of Scape The transaction has been approved by the board of directors of Shenzhen Maxonic Automation Control Co., Ltd. at the 21st meeting of the fourth board of directors. The transaction and no need to submit to the company general meeting of shareholders.