TBCSCAT Inc. (JASDAQ:3974) announced a private placement of 27,500 shares at an issue price of ¥1,241 per share for gross proceeds of ¥34,127,500 on February 12, 2021. The transaction will include participation from M H Group Ltd. (JASDAQ:9439). The company has entered into an agreement with the investor.

The company will issue shares using third party allotment method. The transaction shall have issue expenses of ¥47,500 and net proceeds of ¥34,080,000. The transaction has been approved by the board of directors of the company.

Post transaction the investor will hold 1.51% stake in the company. The transaction has a payment date of March 9, 2021.