Revolution Co., Ltd. announced a private placement of 4,166,667 shares at a price of ¥24 per share for the gross proceeds of ¥100,000,008 on June 28, 2024. The transaction will include participation from returning investor, Evo Fund, a fund managed by, Evolution Capital Management LLC for 18,810 shares, from Malaga LLC for 13,333 shares, BNYM SA/NV For BNYM For BNY GCM Client Accounts M LSCB RD for 19,345 shares, BNP Paribas SA for 19,824 shares, FO1 LLC for 420,000 shares, Evolution Capital Investments Limited for 20,505 shares, DSG1 Inc. for 8,001 shares, RE Holdings Co., Ltd for 4,166 shares, individual investor, Kazutoyo Takada for 6,360 shares, Yoshimi Yamada for 4,179 shares, Tatsuhiro Shibata for 4,000 shares. The transaction has been approved by the shareholders of the company and is expected to close on July 16, 2024.

As a part of the transaction the company paid ¥4,000,000 as issuance cost.