CyberStep, Inc. announced a private placement of 40 1st series unsecured convertible bonds at a price of ¥10,000,000 per bond for gross proceeds of ¥400,000,000, 6,000 series 37th stock acquisition rights at a price of ¥192 for gross proceeds of ¥1,152,000 and 3,000 series 38th stock acquisition rights at a price of ¥76 for gross proceeds of ¥228,000; for total gross proceeds of ¥401,380,000 on January 20, 2023. The transaction will include participation from Macquarie Group Limited. The bonds have initial conversion price of ¥580 per share.

The minimum conversion price is ¥323, and the number of shares to be delivered will be 1,238,390 shares if all of the bonds with stock acquisition rights are converted at the minimum conversion price. The bonds have annual rate of 0% and redemption date is February 7, 2025. The transaction has been approved by the board of directors.