Showcase Inc. (TSE:3909) announced a private placement of 1,771,000 common shares at a price of ¥695 per share for gross proceeds of ¥1,230,845,000 on November 30, 2020. The transaction will include participation from AI inside Inc. (TSE:4488). The company will receive funds through third-party allotment of capital.

The company will receive net proceeds of ¥1,230,914,500 after deducting expenses of ¥15,646,000. The transaction is expected to close on December 16, 2020.