Hypebeast Limited announced that it has entered into subscription agreements with investors for private placement of 1,333,500 common shares at a price of HKD 78.47 per share for gross proceeds of HKD 104,642,000 on April 3, 2022. The transaction will include participation from Tom Brady, Naomi Osaka, Kevin Durant, Rich Kleiman, Tony Hawk, Joe Gebbia, Jonah Hill, Adam Levine, Electric Feel Ventures, THEBLACKLABEL, and IRONGREY.