Ivresse Co Ltd. announced that it will issue 38,000 shares at an issue price of ¥2,400 per share for gross proceeds of ¥91,200,000 on September 30, 2021. The transaction will involve participation from U planning CO., LTD for 17,000 shares, bamboo-field for 17,000 shares, and Hobart Ltd for 4,000 shares. The company decided to issue new shares through a third-party allotment, extraordinary general meeting of shareholders on October 22, 2021.

The transaction has been approved by the board of directors of the company. Post the closing, U planning CO., LTD, bamboo-field, and Hobart (Japan) K.K. will hold 2.8%, 2.8% and 0.6% stake in the company. The company will incur expenses of ¥1,200,000 in the transaction.

The transaction is expected close on November 16, 2021.