THE WHY HOW DO COMPANY, Inc. announced a private placement to issue 330,000 units 13th issue of stock acquisition rights at an issue price of ¥3,300 for the gross proceeds of ¥1,089,000,000, 330,000 units 14th issue of stock acquisition rights at an issue price of ¥3,300 for the gross proceeds of ¥1,089,000,000 and 330,000 units 15th issue of stock acquisition rights at an issue price of ¥3,300 for the gross proceeds of ¥1,089,000,000; for aggregate total gross proceeds of ¥3,267,000,000 on October 24, 2023. The transaction will include participation from returning investor Evo Fund managed by Evolution Capital Management LLC. The transaction has been approved by shareholders of the company and is subject to approval of the company's regular general meeting of shareholders scheduled to be held on November 28, 2023.

The transaction is expected to close on November 29, 2023.