Wedge Holdings CO.,LTD. announced a private placement of ¥72,480,000 on May 17, 2023. The company will issue 700,000 shares at an issue price of ¥99 per share for proceeds of ¥69,300,000 and 60,000 11th stock acquisition right at an issue price of ¥53 per stock acquisition right for proceeds of ¥3,180,000. The transaction will include participation from Long Corridor Alpha Opportunities Master Fund and LMA SPC - MAP 246 Segregated Portfolio.

The stock acquisition rights have an exercise price of ¥99. The transaction is expected to close on June 5, 2023. The company will receive funding through third party allotment.

The transaction was approved by the board of directors of the company.