LeTech Corporation announced a private placement of 1,322,752 common stock at a price of ¥756 per share for gross proceeds of ¥1,000,000,512 and 2,000 Class A shares at a price of ¥1,000,000 for gross proceeds of ¥2,000,000,000 for aggregate proceeds of ¥3,000,000,512 on June 28, 2022. The transaction will include participation from LT Co., Ltd. Out the total, ¥500,000,256 will go to registered capital and ¥500,000,256 will go to capital reserve. The securities issued is by a third-party allotment method.

The transaction is expected to close on July 29, 2022. The transaction has been approved by board of directors.