Phil Company,Inc. announced the private placement of 2,000 units of stock acquisition rights a an issue price of ¥875 for 1st Series Stock Acquisition Right and ¥38 for 2nd Series Stock Acquisition Right for the gross proceeds of ¥1,826,000 in a round of funding on August 24, 2022. The company will issue pre-paid warrants in the transaction. The transaction will include participation from other investor SBI SECURITIES Co., Ltd. The exercise period is from September 12, 2022 to September 11, 2025.

The transaction has been approved by the board of directors of the company.