Tabikobo Co. Ltd. announced a private placement of 38,098 series 3rd stock acquisition rights at a price ¥403 per unit for gross proceeds of ¥15,353,494 on May 27, 2022. The transaction will involve participation from new investor EMA Financial, LLC.

The company will issue 100 share per acquisition right, resulting in 3,809,800 potential shares. The Initial exercise price is fixed at ¥773 per share. The acquisition right exercise period is from June 14, 2022 to June 13, 2024.

Post exercise of rights the company will raise gross proceeds of ¥2,940,328,894, pay expenses of ¥20,000,000, resulting in net proceeds of ¥2,940,328,894. The transaction is expected to close on April 28, 2021. The transaction has been approved by the board of directors of the company.