Diamond Electric Holdings Co., Ltd. announced a private placement to issue 10,000 yen 5th stock acquisition rights at an issue price of ¥113 per unit for the gross proceeds of ¥1,130,000 and 10,000 units 6th Stock Acquisition Rights at an issue price of ¥99 per unit for the gross proceeds of ¥990,000; aggregate gross proceeds of ¥2,120,000 on May 27, 2024. The transaction will include participation from new investor EVO FUND. The period will be from June 13, 2024 to June 12, 2026.

The initial exercise price of Series 5 rights is ¥704 and series 6 rights for ¥1,000. The transaction has been approved by shareholders and is expected to close on June 12, 2024. The total amount to be paid ¥1,706,120,000, Total amount to be paid for the Stock Acquisition Rights ¥2,120,000, Amount of assets to be contributed when exercising the Stock Acquisition Rights ¥1,704,000,000, Estimated issuance costs ¥1,000,000 and Estimated net amount ¥1,705,120,000.