Kringle Pharma, Inc. announced a private placement of 13,500 13th stock acquisition rights at a price of ¥92 per 13th stock acquisition right for gross proceeds of ¥1,242,000 on August 14, 2023. The transaction will include participation from returning investor Barclays Bank PLC (Tokyo Branch). The potential shares from the issuance of stock acquisition rights will be 1,350,000 shares.

The initial exercise price of stock acquisition rights ¥614 for a period from September 5, 2023 to September 11, 2025. The transaction will happen through third party allocation. The transaction has been approved at board of directors?

meeting of the company.