AppBank Inc. announced a private placement of 1,098,000 common shares at a price of ¥121 per share for gross proceeds of ¥132,858,000 and 9,500 12th stock acquisition rights at an issue price of ¥134 per stock acquisition right for gross proceeds of ¥1,273,000: for aggregate gross proceeds of ¥134,131,000 on April 10, 2023. The transaction will include participation from new investor STPR Inc. for 1,098,000 common shares and 9.88% stake, returning investor Milestone Capital Management Co., Ltd. for 8,550 stock acquisition rights and additional 0.04% stake and Quantum Leaps Corporation, Investment Arm for 950 stock acquisition rights and 0.85% stake. The company is expected to close the transaction on April 28, 2023.

The transaction has been approved by the board of directors of the company. The company will receive funding through third-party allotment.