DNA Chip Research Inc announced a private placement to issue 414,110 common shares at an issue price of ¥652 per share for the gross proceeds of ¥269,999,720 on February 8, 2024. The transaction will include participation from returning investor Mitsui Chemicals, Inc. who owns 8.24% stake in the company. The company has disclosed the issue expenses of ¥10,000,000 and the net proceeds of the financing is ¥259,999,720.

Post completion, the investor will own 13.85% in the financing. The transaction has been approved by the shareholders of the company and is expected to close on March 28, 2024.