Mobcast Holdings Inc. (TSE:3664) announced a private placement of 335,600 common shares at a price of ¥298 per share for gross proceeds of ¥100,008,800 on March 22, 2019. The transaction will include participation from individual investor Koki Yabu. The company is raising funding through third party allotment. The transaction is expected to close on April 8, 2019. The company will pay ¥4,000,000 as various issue costs including securities registration statement creation fees, legal fees and other expenses. The transaction has been approved by the board of directors of the company.