Digital Entertainment Asset Pte. Ltd. entered into capital and business alliance agreement to receive $200,000 in funding on March 15, 2021. The transaction will include participation from Fuva Brain Limited (TSE:3927). The company will issue convertible note which will be converted to preferred stock the next time company raises funds. Investor's holding ratio after conversion to preferred stock is expected to be small. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on March 22, 2021.