Geniee, Inc. announced that it has entered into an investment agreement with new investor Mizuho Bank, Ltd to issue 10,000,000 Class A preferred shares at an issue price of ¥ 400 per share for the gross proceeds of ¥ 4,000,000,000 on May 30, 2024. The transaction has been approved by shareholders, subject to general shareholders to be held on June 28, 2024 and is expected to close on July 31, 2024. The company has disclosed the issue expenses of ¥ 78,500,000 and the net proceeds is ¥3,921,500,000.
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- Geniee, Inc. announced that it expects to receive ¥4 billion in funding from Mizuho Bank, Ltd.