Runsystem Co.,Ltd. announced that it has entered into capital and business alliance agreement with new investor, AOKI Holdings Inc. for a private placement of 2,000,000 common shares at an issue price of ¥412 per share for gross proceeds of ¥824,000,000 on May 23, 2022. The investor is acquiring 45.65% stake in the transaction. The company will issue shares using third party allotment method.

The transaction is expected close on June 8, 2022. The transaction has been approved by the board of directors of the company. Pursuant to the transaction the total number of issued shares will be 4,380,900 shares.

Out of the total proceeds ¥412,000,000 will towards registered capital and remaining ¥412,000,000 will go towards capital reserve. The company will receive proceeds of ¥804,200,000 after deducting expenses of ¥19,800,000, of which ¥2,800,000 is for registration-related expenses, ¥1,500,000 is for stock administration fees, ¥12,000,000 is for attorney's fees, and ¥3,500,000 is for other expenses.