Space One Co., Ltd. announced a private placement of common shares for gross proceeds of ¥1,425,000,000 on March 11, 2020. The transaction will involve participation from existing investor, Canon Electronics Inc. (TSE:7739). Post the closing, the capital of the company will increase from ¥1,425,000,000 to ¥2,850,000,000. The payment date is March 31, 2020. The transaction has been approved by the board of directors of the investor.