eole Inc. announced a private placement of 2,300 units of 10th stock acquisition rights at a price of ¥960 per right for gross proceeds of ¥2,208,000 on March 31, 2022. The transaction will include participation from new investor Growth Capital Inc. The company will receive funding through third party allotment. The transaction is expected to close on April 18, 2022.

The exercise price of rights is ¥1,090. The company will receive ¥250,700,000 after the warrants are exercised. The transaction has been approved by board of directors of the company.