Impact HD Inc. (TSE:6067) announced a private placement of 156,000 shares at issue price of ¥3,212 per share for gross proceeds of ¥501,072,000 on October 23, 2020. The transaction will include participation from Sojitz Corporation (TSE:2768). The company incurred fees issuance fees of ¥8,430,000 in relation to the transaction raising net proceeds of ¥492,642,000.

The company will raise funds through third-party allocation. The transaction is expected to close on November 12, 2020. The transaction has been approved by the board of directors of the company.