logly Inc. announced a private placement of 30,000 shares at ¥12,000 per share for gross proceeds of ¥360,000,000 on June 11, 2015. The transaction will include participation from new investor, Voyage Group, Inc. for 25,000 shares. The company will issue the shares via third party allotment method.

On closing, Voyage Group, Inc. will hold 16.79% stake in the company. The transaction was approved by the board of directors of the company on the same date. The conclusion of the share subscription contract will take place on June 25, 2015.

The subscription date for the shares is expected to close on June 30, 2015.