Wintest Corporation (TSE:6721) announced that it will issue 3,304,100 shares at a price of ¥220 per share for gross proceeds of ¥726,902,000 on February 4, 2020. The transaction will include participation from Spirox Corporation (TSEC:3055). The securities will be issued by a third-party allotment method.

Post closing, investor will hold 9.10% stake in the company. The payment period is from February 20, 2020 to June 30, 2020. The company will pay ¥5,185,000 as issuance expenses.

The net proceeds of offering will be ¥721,717,000.