Fujio Food Group Inc. announced a private placement to issue 100,000 common shares for ¥1,207 per share for gross proceeds of ¥120,700,000, 100,000 common shares for ¥1,341 per share for gross proceeds of ¥134,100,000 and 22,500 14th stock acquisition rights at issue price of ¥790 per stock acquisition right for gross proceeds of ¥17,775,000 for an aggregate gross proceeds of ¥272,575,000 on February 28, 2023. The transaction will include participation from individual investors, Duskin for 100,000 shares, Masahiro Fujio for 100,000 shares, returning investors, Long Corridor Alpha Opportunities Master Fund for 17,200 units, MAP246 Segregated Portfolio for 4,300 units and individual investor, Masahiro Fujio for 1,000 units. Each stock acquisition right is convertible into 2,250,000 common shares of the company at an initial exercise price of ¥1,341 per share.

The company will issue stock acquisition rights and common shares through third-party allotment. The transaction has been approved by the board of directors of the company. The transaction is expected to close on March 16, 2023.