Nippon Denkai,Ltd. announced that that it has entered into a capital and business alliance with LCY TECHNOLOGY CORPORATION ?LCYT? and Lee Chang Yung Group International Pte. Ltd to issue 22,592 2nd stock acquisition rights at an issue price of ¥9,293 per right for the gross proceeds of ¥209,947,456 and Loan principal amount ¥1,367,810,000; aggregate gross proceeds of ¥1,577,757,456 on January 10, 2024.

The transaction will include participation from new investors LCY International for 22,592 2nd stock acquisition rights and ¥1,367,810,000 for Lee Chang Yung Group International Pte. Ltd. The transaction has been approved by the shareholders of the company and is expected to close on January 26, 2024. The Exercise period is From January 27, 2024 to March 25, 2024.

The loan is Scheduled maturity date January 26, 2025.