SCAT Inc. has announced a private placement of 65,000 common shares at issue price of JPY 472 per share for gross proceeds of JPY 30,680,000 and net proceeds of JPY 30,580,000 through third party allotment on May 13, 2024. The transaction includes investor participation of M H Group Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 6, 2024.