3-D Matrix, Ltd. announced a private placement of approximately 17,650,936 5th unsecured convertible bonds, with a face of JPY 100 each, at a price of JPY 100 per corporate bond with 40 units of stock acquisition rights for gross proceeds of JPY 1,765,093,600 and 39,970 31st stock acquisition rights at a price of JPY 171 for gross proceeds of JPY 6,834,870 and aggregate gross proceeds of JPY 1,771,928,470 on April 11, 2022. The transaction will include participation from returning investor CVI Investments, Inc. The funding will be raised through third-party allotment. The 5th unsecured convertible bonds will be convertible at an initial conversion price of JPY 441 into 4,002,479 shares and matures on June 5, 2026.

The bonds carry interest rate of 2% and have a redemption date of June 5, 2026. The exercise period for 31st stock acquisition rights is from April 28, 2022 to April 27, 2027. They carry an initial exercise price of JPY 441 each.

The transaction has been approved by the board of directors of directors. The transaction is expected to close on April 27, 2022.