Danto Holdings Corporation announced a private placement of 3,000,000 common shares at an issue price of ¥300 per share for the gross proceeds of ¥900,000,000 on January 13, 2023. The transaction will include participation from new investor, TAT Capital Fund LLC for 9.09% stake. The shares will be issued through third-party allotment of shares.

The transaction is expected to close on January 31, 2023. As a part of transaction, the company will pay ¥5,000,000 as issue expenses, bringing total new money to ¥895,000,000. After the completion of this transaction, amount of capital increased transfer to share capital for ¥450,000,000, and capital reserve for ¥450,000,000.

The transaction has been approved by the board of directors of the company.