Gfoot Co.,Ltd announced a private placement of 50 class A shares at an issue price of ¥100,000,000 per share for gross proceeds of ¥5,000,000,000 on December 13, 2021. The transaction will include participation from existing investor Aeon Co., Ltd. The company will issue shares using third party allotment method. The company will pay ¥150,000,000 as issuance expenses and will receive net proceeds of ¥4,850,000,000 in the transaction.

The transaction has a payment date of February 9, 2022. The transaction has been approved by the board of directors of the company and is is subject to the approval of the extraordinary general meeting of shareholders to be held on February 8, 2022.