GeekFeed Co.,Ltd. announced a private placement of 464 common shares at ¥26,000 per share for gross proceeds of ¥12,064,000 on August 25, 2017. The transaction will include participation from new investor Collabos Corporation (TSE:3908) which will acquire 34% stake in the company. The shares will be issued through third party capital increase. The transaction has been approved by board of directors of the investor. The transaction is expected to be closed by September 29, 2017.