GRANDES, Inc. announced a private placement to issue 3,000 2nd stock acquisition rights at an issue price of ¥112 per right for the gross proceeds of ¥336,000 and 3,000 3rd stock acquisition rights at an issue price of ¥60 per right for the gross proceeds of ¥180,000; aggregate gross proceeds of ¥516,000 on November 24, 2023. The transaction will include participation from new investors Long Corridor Alpha Opportunities Master Fund (LCAO), an Exempted Company in Cayman with Limited Liability managed by Long Corridor Asset Management Limited (LCAM), an institutional investor located in Hong Kong, under a discretionary contract, and MAP246 Segregated Portfolio (MAP246),a Segregated Portfolio Company, as the planned allottees. The transaction has been approved by the shareholders of the company and is expected to close on December 11, 2023.