DD Holdings Co.,Ltd. announced a private placement of 50,000 class A preferred shares at an issue price of ¥100,000 per share for gross proceeds of ¥5,000,000,000 on January 24, 2022. The transaction will include participation from DBJ Food and Beverage / Lodging Support Fund L.P., a fund managed by DBJ Regional Investment Co., Ltd. The transaction is expected to close on February 28, 2022. The company will receive funding through third-party allotment method.

The transaction is subject to approval of extraordinary general meeting of shareholders scheduled to be held on February 25, 2022.