Logly,Inc. announced that it expects to receive ¥106.54888 million in funding from MicroAd, Inc.
July 26, 2023
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logly,Inc. announced a private placement to issue 145,360 shares at an issue price of ¥733 per share for the gross proceeds of ¥106,548,880 on July 27, 2023. The transaction will include participation from new investor MicroAd, Inc. The transaction has been approved by the shareholders of the company and is expected to close on August 16, 2023. The company has disclosed the issue expenses of ¥ 500,000 in the transaction. The shares are issued through a third party allotment method. Post completion, the investor will investor receive 380,300 shares with 10.01% stake in the company.
On same date , the company held the transaction has been approved the board of directors meeting.
MicroAd Inc is a Japan-based company mainly engaged in the data platform business. The Data Platform business segment is mainly comprised of three services: data solution services, overseas consulting services, and digital signage services. Its main products include UNIVERSE DATA PLATFORM, a data platform; UNIVERSE Ads, an advertising platform; MicroAd COMPASS, an advertising revenue maximization service for media companies; COMPASS-FIT, an advertising platform, and MONOLITHS, an advertising distribution service.