Ivy Cosmetics Corporation that it will issue 10,000 stock 3rd acquisition right at issue price of ¥715 per stock acquisition right for gross proceeds of ¥7,150,000 and 2,200 4th stock acquisition right at issue price of ¥165 per stock acquisition right for gross proceeds of ¥363,000 for total gross proceeds of ¥7,513,000 on February 16, 2022. The transaction will include participation from existing investor Mita Securities Co., Ltd. The 3rd stock acquisition right can be exercised to purchase 1,000,000 shares of the company and 4th stock acquisition right can be exercised to purchase 220,000 at an exercise price of ¥600 per share. The company will raise funds through third party allotment.

The exercise period shall start from March 8, 2022 to March 7, 2025. The transaction is expected to close on March 7, 2022. The transaction has been approved by the board of directors of the company.

Post exercise of rights the company will raise gross proceeds of ¥996,000,000, pay expenses of ¥32,040,000 (which include financial advisory fee of ¥29,880,000, the fair value calculation cost of stock acquisition rights ¥1,500,000 and the securities registration statement preparation cost and others ¥660,000 resulting in net proceeds of ¥1,363,120,000.