Acrodea, Inc announced a private placement of 4,310,000 shares at a price of ¥162 per share for proceeds of ¥698,220,000 and 67,800 12th stock acquisition right at a price of ¥298 per stock acquisition right ¥1,118,564,400 for aggregate gross proceeds of ¥?718,424,400? on March 31, 2022. The transaction will include participation from Katsumi Tanabe for 1,230,000 shares and Kowa Company, Ltd. for 3,080,000 shares.

The 11th stock acquisition rights have an exercise price of ¥162 per warrant. The transaction is expected to close on April 28, 2022. The company issued shares through third party allotment method.

The transaction was approved by board of directors of the company.