Gala Incorporated an announced a private placement of 978,400 common shares at a price of ¥184 per share for gross proceeds of ¥180,025,600 and 29,892 units of stock acquisition rights at a price of ¥175 per stock acquisition right for proceeds of ¥5,231,100 for aggregate gross proceeds of ¥185,256,700 on May 13, 2022. The transaction has been approved by the board of directors of the company. The securities are issued through third party allotment method.

The company will bear an issuance expense of ¥3,000,000. The transaction is expected to close on May 30, 2022. The transaction include participation from returning investor MEGAZONE CLOUD Corp.

for 489,200 shares , and 14,946 units, and Satoru Kikugawa 489,200 shares, and 14,946 units.