VELTRA Corporation (TSE:7048) announced a private placement of 4,100,000 common shares at a price of ¥368 per share each for gross proceeds of ¥1,508,800,000 on December 25, 2020. The transaction included participation from existing investor OpenDoor Inc. (TSE:3926). The securities are issued through third party allotment.

The transaction was approved by the board of directors. The company may pay ¥64,000,000 for issuance expenses.