QUOLIO Co., Ltd. announced a private placement of 125 convertible preferred shares A at ¥160,000 per share with new investor, CyberStep, Inc. for gross proceeds of ¥20,000,000 on August 19, 2015. The company will issue preferred shares through third party allotment method. The professed shares are convertible into common shares of the company.

The transaction has been approved by the board of directors of the investor. The settlement date for the transaction is August 21, 2015.