Lignomateria Co., Ltd., announced a private placement to issue 90 common shares at a price of ¥2,250,000 per share for gross proceeds of ¥202,500,000 on July 20, 2023. The company will issue shares through a Third-party allotment method. The transaction will include participation from new investor Mbs Inc for ¥202,500,000.

The transaction is expected to close on August 1, 2023.