Evixar Inc. announced a private placement of 140,000 common shares at an issue price of ¥546 per share for gross proceeds of ¥76,440,000 on January 27, 2022. The transaction will include participation from new investor, Inpleet Co., Ltd. for 4.91% stake in the company. The company will raise the funding through third party allotment of shares.

After deducting the issuance expenses of ¥2,000,000, the net estimated proceeds ¥74,440,000 in the transaction. The transaction is payment period from February 13, 2023, to February 15, 2023. The company has verbally confirmed the intent or policy of holding the shares over the medium to long term from the investor.

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