Fujio Food Group Inc. (TSE:2752) announced a private placement to issue 700,000 common shares for ¥1,216 per share for gross proceeds of ¥851,200,000 and 14,295 stock acquisition rights at issue price of ¥813 per stock acquisition right for gross proceeds of ¥11,621,835 for an aggregate gross proceeds of ¥862,821,835 on May 20, 2021. The transaction will include participation from Long Corridor Alpha Opportunities Master Fund for 10,007 rights and 420,000 common shares, MAP246 Segregated Portfolio for 4,288 rights and 180,000 common shares and Toyota Sangyo Co., Ltd. for 100,000 common shares. Each stock acquisition right is convertible into 100 common shares of the company at an initial exercise price of ¥ 1,399 per share. The company will issue stock acquisition rights and common shares through third-party allotment. The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 7, 2021.