Silicon Studio Corporation announced that it has signed a subscription agreement for the private placement of 90,040 common stock at a price of ¥917 for the gross proceeds of ¥82,566,680 on May 31, 2022. The transaction will include participation from new investor ARGO GRAPHICS Inc. for 3.03% stake in the company. The company will raise funds through third-party allotment.

The transaction has been approved by the board of directors of Silicon Studio Corporation and ARGO GRAPHICS Inc. The transaction is expected to close on June 17, 2022. The company will pay ¥1,500,000 for issuance cost and will receive net proceeds of ¥81,066,680 in the transaction.