Geniee, Inc. announced that it has entered into an investment agreement with new investor Mizuho Bank, Ltd private placement to issue 10,000,000 non convertible 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 of company and is expected to close on July 31, 2024. The transaction is subject to general shareholders which is to be held on June 28, 2024.

The company has disclosed the issue expenses of ¥78,500,000 and the net proceeds of ¥3,921,500,000.