Agile Media Network Inc. announced a private placement of 2,444,445 common shares at an issue price of ¥270 per share for the gross proceeds ¥660,000,150 and 50,370 stock acquisition rights at a price of ¥305 per stock acquisition right for gross proceeds of ¥15,362,850 for aggregate gross proceeds of ¥675,363,000 on December 9, 2022. The transaction will include participation from Azabudai No. 1 LLP for 1,888,890 shares and 18,888 stock acquisition rights, Alpha Solid Co., Ltd. for 370,370 shares and 3,704 stock acquisition rights, individual investor Zheng Dingchao for 185,185 shares and 1,852 stock acquisition rights and Kochi for 25,926 stock acquisition rights.

The company will raise the funding through third party allotment of shares. The transaction has been approved by the board of directors of the company. The transaction is expected to close on December 28, 2022.