Sanko Marketing Foods Co., Ltd. announced that it will issue 40 1st unsecured convertible bond-type bonds with stock acquisition rights at a price of ¥5,000,000 for gross proceeds of ¥200,000,000 and 50,000 units 5th stock acquisition rights at a price of ¥44.9 for gross proceeds of ¥2,245,000 for aggregate gross proceeds of ¥202,245,000 on December 15, 2022. The transaction will include participation from Evo Fund, a fund managed by Evolution Capital Management, LLC. The company is issuing securities through third party allotment.

The bonds bear an interest of 0% and are redeemable on January 6, 2025. The 5th stock acquisition rights are convertible into 945,600 shares at an initial exercise price of ¥211.5 per share. The company issued bonds with stock acquisition rights and stock acquisition rights through third-party allotment method.

The transaction is expected to close on January 4, 2023. The transaction has been approved by board of directors of the company.