kaihan co.,Ltd announced a private placement of 7,500,000 common shares at a price of ¥80 per share amounting ¥600,000,000 and 3,750 4th Stock Acquisition Rights at a price of ¥4,000 per stock acquisition right amounting ¥30,000,000; aggregate gross proceeds of ¥630,000,000 on December 7, 2020. The company is issuing new shares through third party allotment. The transaction will include participation from TB1 Co., Ltd. for both common shares and stock acquisition right.

Each stock acquisition right will be converted in 1,000 shares of the company. The exercise price for the shares will be ¥80, expected to raise ¥300,000,000. The conversion period for stock acquisition right will start from January 7, 2021 to January 6, 2023.

The transaction is expected to close on January 7, 2021. The company will pay ¥28,000,000 as issuance cost in the transaction.