The Global Ltd. (TSE:3271) announced a private placement of 14,705,000 shares at a price of ¥204 per share for the gross proceeds of ¥2,999,820,000 on October 28, 2020. The transaction will include participation from Ascot Corp. (JASDAQ:3264).

The company will raise the funding through third-party allotment method. The transaction has been approved by the board of directors of the company. The company will pay ¥11,629,000 as issue expenses in the transaction.

The company will receive ¥2,988,191,000 as net proceeds in the transaction. Post closing of the transaction, the investor will hold 51.96% stake in the company.