Intrance Co.,Ltd. announced that it will issue 4,615,384 1st Series Unsecured Convertible Bonds at a price of ¥65 per share for the gross proceeds of ¥299,999,960 and 4,615,400 Stock acquisition rights at a price of ¥65 per share for the gross proceeds of ¥300,001,000 for the aggregate gross proceeds of ¥600,000,960 on April 10, 2023. The transaction will include participation from Inbound Investment LLC. The company issues 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 April 28, 2023.