Nextgen,Inc. announced a private placement of 80,000 shares at issue price of ¥761 per share for gross proceeds of ¥60,880,000 on December 24, 2021. The transaction included participation from Tsuzuki Denki Co., Ltd. The company issue shares through third party allotment. The company incurred expenses of ¥1,000,000 which includes total of registration-related costs, securities notice preparation costs, payment handling bank fees, and other costs in relation to the transaction receiving net proceeds of ¥59,880,000.

The transaction is expected to close on January 12, 2022. The transaction has been approved by the board of directors of the company.