Shikibo Ltd. announced a private placement to issue 12,500 units of first stock acquisition rights at an issue price of ¥496 per unit right for the gross proceeds of ¥6,200,000 on March 8, 2024. The transaction will include participation from new investor Nomura Securities Co., Ltd. The transaction has been approved by the shareholders of the company and is expected to close on March 26, 2024. The initial exercise price of the unit right is ¥1,219 and the period will be from March 27, 2024 to March 26, 2027.

The total amount of the funds is ¥1,529,950,000 and the issuance costs is ¥10,000,000 and the net proceeds is ¥1,519,950,000. The minimum exercise price is ¥854, but even at the minimum exercise price, the number of potential shares is 1,250,000 shares.