Gaiax Co.Ltd. announced a private placement to issue not more than 189,700 common shares at an issue price of Ñ527 per share for an aggregate gross proceeds of not more than Ñ99,971,900 on December 12, 2022. The transaction will include participation from F&M Co.,Ltd. for 56,900 shares, Sanwa System Co.,Ltd. for 56,900 shares and individual investor, Yuji Ueda for 75,900 shares. The transaction has been approved by the shareholders meeting.

The expected closing date is December 27, 2022.