Ymagis Société Anonyme (ENXTPA:MAGIS) announced a private placement of common shares for gross proceeds of €4 million on January 24, 2014. The transaction will involve participation from institutional investors. Aurel BGC will act as the leader and bookrunner to the company.

On the same day, the company issued 649,540 shares at €7.65 per share for gross proceeds of €4,968,981. The transaction was over-subscribed by 1.5 times.

On January 24, 2014, Ymagis Société Anonyme closed the transaction.