TerraSky Co.,Ltd. announced a private placement to issue 800,000 common shares at an issue price of ¥120 per share for the gross proceeds of ¥96,000,000 and 37,000 units 11th stock acquisition rights at an issue price of ¥105 per right for the gross proceeds of ¥3,885,000; aggregate gross proceeds of ¥99,855,000 on April 12, 2024. The transaction will include participation from new investor Seacastle Singapore for 800,000 common shares and 37,000 units 11th stock acquisition rights. The transaction has been approved by the shareholders of the company and is expected to close on April 30, 2024.

The amount of fund raised ¥422,000,000; amount raised by issuing stock acquisition rights is ¥3,885,000 and amount raised through exercise of stock acquisition rights of ¥444,000,000. The exercise price of rights is ¥120. The exercise price of rights is from from April 30, 2024 to April 29, 2026.

The total amount of the transaction ¥543,885,000; new shares ¥96,000,000; 11th stock acquisition rights ¥3,885,000; Amount raised by issuing stock acquisition rights ¥444,000,000; issuance expenses ¥35,000,000 and net proceeds of ¥508,885,000.