Cube System Inc. announced that it has entered into Capital and Business Alliance agreement for raising 1,630,000 common shares at a price of Ñ1,010 per share for the gross proceeds of Ñ1,646,300,000 on December 8, 2022. The transaction will include participation from Nomura Research Institute, Ltd. The transaction has been approved by the shareholders of the company. The shares are issued through third-party allotment method.

The transaction is expected to close on December 27, 2022.