Ivresse Co Ltd. announced that it will issue 12,500 shares at an issue price of ¥2,400 per share for gross proceeds of ¥30,000,000 on October 17, 2022. The transaction will include participation from returning investor U planning CO., LTD for 12,500 shares. The company decided to issue new shares through a third-party allotment, extraordinary general meeting of shareholders on October 17, 2022.

The transaction has been approved by the board of directors of the company. Post the closing, U planning CO., LTD will hold 4.7% stake in the company. The company will incur expenses of ¥1,350,000 in the transaction.

The transaction is expected close on October 28, 2022.