NanoCarrier Co., Ltd. announced that it will issue 39 6th unsecured convertible bonds with stock acquisition rights at a price of ¥28,433,750 for gross proceeds of ¥1,108,916,250 and 102,642 20th stock acquisition rights at a price of ¥20 for gross proceeds of ¥2,052,840 for aggregate gross proceeds of ¥1,110.96909 on January 25, 2023. The transaction will include participation from returning investor, The Kenko Future Fund, a fund managed by Whiz Partners Inc. The company is issuing securities through third party allotment. The bonds bear an interest of 0% and are redeemable on December 26, 2025.

The 20th stock acquisition rights are convertible into 10,264,200 shares at an initial exercise price of ¥154 per share. The transaction is expected to close on February 13, 2023.