Acrodea, Inc. announced that it expects to receive ¥163.558 million in funding from Waen Trading Co.,Ltd.
May 27, 2020
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Acrodea, Inc. (TSE:3823) announced a private placement of 800,000 shares at a price of ¥189 per share for proceeds of ¥151,200,000 and 37,000 11th stock acquisition right at a price of ¥334 per stock acquisition right ¥12,358,000 for aggregate gross proceeds of ¥163,558,000 on May 28, 2020. The transaction will include participation from Katsumi Tanabe 620,000 shares and returning investor Waen Trading Co.,Ltd. for 180,000 shares. The 11th stock acquisition rights have an exercise price of ¥189 per warrant. The transaction is expected to close on June 15, 2020. The company issued shares through third party allotment method. The transaction was approved by board of directors of the company.
The Why How Do Company Inc is a Japan-based company mainly engaged in the solution business, restaurant-related business and education-related business. The Company operates through three segments. The Solution business segment mainly consists of the platform field, which develops platform solutions for smartphones, internet of things (IoT)-related solutions, and systems for bingo; the content services field, which develops social games and application-related products and contracted games; and other contracted development projects. The Restaurant-related business segment is engaged in real estate subleasing, trademark rights management, and restaurant business. The Education-related business segment mainly operates seminars on information technology (IT) schools for job seekers, which have a training period of about half a year.
THE WHY HOW DO COMPANY, INC. 
