AppBank Inc. announced a private placement of 12,000 10th stock acquisition rights at an issue price of ¥183 per stock acquisition right for gross proceeds of ¥2,196,000 on June 30, 2022. The transaction will include participation from Milestone Capital Management Co., Ltd. The transaction is expected to close on July 19, 2022. The company will receive funding through third-party allotment.

The transaction was approved by the board of directors of the company. The exercise period of the stock is between July 20, 2022 to July 19, 2024.