Trigence Semiconductor Inc. announced that it has received ¥48 million in funding from Nittoku Engineering Co., Ltd..
August 21, 2014
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Trigence Semiconductor, Inc. announced a private placement of 1,500 shares at ¥32,000 per share for gross proceeds of ¥48,000,000 on July 25, 2014. The company will issue the shares to new investor, Nittoku Engineering Co., Ltd. As part of the transaction, the investor will acquire 2.2% stake in the company. The transaction is expected to tentatively close on August 22, 2014. The company will issue the shares by third party capital allocation. The transaction was approved by the board of directors of the investor.
On August 22, 2014, Trigence Semiconductor, Inc. closed the transaction.
NITTOKU CO., LTD., formerly NITTOKU ENGINEERING CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of coil winding machines. The Company operates in two business segments. The Winding Systems and Mechatronics segment is involved in the manufacture, sale and maintenance of coil winding machines, coil winding systems and peripheral systems, winding and conveyance equipment of various films, and special wire winding equipment and rewinders, which are used for electronic parts, automobiles, communications equipment, audio-visuals, office automation (OA) machines, as well as appliance and precision equipment. The Non-contact Integrated Circuit (IC) Card segment manufactures and sells embedded antenna winding coil-winding and IC chip module junction line-based IC tags, peripheral equipment and systems.
NITTOKU CO.,LTD. 
