Ishigaki Foods Co., Ltd. announced private placement to issue 2,000,000 common shares at an issue price of ¥ 100 per share for the gross proceeds of ¥200,000,000 on May 30, 2024. The transaction will include participation from new investor Active Market No. 1 Investment Limited Partnership.

The transaction has been approved by shareholders, subject to general shareholders to be held on June 27, 2024 and is expected to close on June 28, 2024. The company has disclosed the issue expenses of ¥10,000,000 and the net proceeds of ¥190,000,000.