gremz, Inc. (JASDAQ:3150) announced a private placement of 388,200 shares at ¥1,090 per share for gross proceeds of ¥423,138,000 on August 18, 2014. The company will issue the shares to new investor, Eneres Co., Ltd. On closing, the investor will hold 10% stake in the company. The settlement date is expected on September 3, 2014. The company will issue the shares via third party capital increase. The company expects to incur issue costs including related document creation expenses, legal expenses, registration expenses, and others for ¥2,000,000 as part of the transaction. The net proceeds from the transaction will be ¥421,138,000. The transaction was approved by the board of directors of the company.

On September 2, 2014, gremz, Inc. closed the transaction. The shares of the company increased from 3,493,600 shares to 3,881,800 shares and nominal capital of the company increased from ¥387,680,100 to ¥599,249,100.