CyberStep, Inc. announced that it expects to receive ¥5.628 million in funding from Macquarie Bank Limited, Investment Arm
September 08, 2021
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CyberStep, Inc. announced that it has entered into stock acquisition rights purchase agreement for a private placement of 10,000 series 35 stock acquisition rights at a price of ¥331 per stock acquisition rights for gross proceeds of ¥3,310,000 and 9,500 series 36 stock acquisition rights at a price of ¥224 per stock acquisition rights for gross proceeds of ¥2,328,000, for aggregate gross proceeds of ¥5,638,000 on September 8, 2021. The transaction will involve participation from Macquarie Bank Limited, Investment Arm. The series 35 stock acquisition rights will be exercisable at an exercise price of ¥850 and series 36 stock acquisition rights for ¥1,000 between September 27, 2021 to September 26, 2023. The series 35 stock acquisition rights can be potentially converted into 1,000,000 shares and series 36 stock acquisition rights can be potentially converted into 950,000 shares. The transaction is expected to close on September 24, 2021. The transaction has been approved by the board of directors of the company.
CyberStep, Inc. is a Japan-based company engaged in the development and operation of online games. It is mainly engaged in the development of network and entertainment software, the research and development of distributed network libraries and 3D graphics engine, as well as the operation of online gaming service. The in-house service is a business model that provides an online game service to users directly without going through a game operating company. The Company operates online games domestically and overseas including Korea, China and Thailand, among others.