3-D Matrix, Ltd. announced that it has entered into an agreement for a private placement and it will issue 6,606,600 8th series unsecured convertible bonds, with a face of ¥100 each, at an issue price of ¥100 per corporate bond for gross proceeds of ¥660,660,000; 126,662 units of 35th stock acquisition rights at an issue price of ¥184 for gross proceeds of ¥23,305,808; 126,226 units of 36th stock acquisition rights at an issue price of ¥18 for gross proceeds of ¥2,272,068; for aggregate gross proceeds of ¥686,237,876 on June 29, 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 ¥179 into 3,690,837 shares.

The bonds do not carry any interest rate. The bonds are redeemable. The exercise period for 35th stock acquisition rights is from July 19, 2023 to July 18, 2025.

The exercise period for 36th stock acquisition rights is from July 19, 2023 to July 20, 2028. The 35th stock acquisition rights carry an initial exercise price of ¥179 each. The 36th stock acquisition rights carry an initial exercise price of ¥218 each.

The transaction is expected to close on July 18, 2023. All securities issued in the transaction have the lock-up period of 180 days after the payment date. The transaction has been approved by the board of directors of directors.