3-D Matrix, Ltd. announced a private placement of 7th unsecured convertible bonds, with a face of ¥100 each, at a price of ¥100 per corporate bond for gross proceeds of ¥500,000,000 with stock acquisition rights and 40,000 34th stock acquisition rights at a price of ¥219 for gross proceeds of ¥8,760,000; for an aggregate gross proceeds of ¥508,760,000 on February 28, 2023. The transaction will include participation from returning investor, CVI Investments, Inc. The funding will be raised through third-party allotment. The bonds will be convertible at an initial conversion price of ¥239 into 2,092,050 shares from On September 16, 2026, March 16, 2026, and March 16, 2027 and matures on March 24, 2027.

The bonds carry interest rate of 2%. The bonds are redeemable. The exercise period for 34th stock acquisition rights is from March 17, 2023 to July 18, 2023.

They carry an initial exercise price of ¥239 each. The transaction has been approved by the board of directors of directors. The transaction is expected to close on March 16, 2023.