No. 1 Co.,Ltd announced a private placement to issue 31,900 shares at an issue price of ¥940 per share for the gross proceeds of ¥29,986,000, 1,808 10th stock acquisition rights at an issue price of ¥1,319 per right for the gross proceeds of ¥2,384,752 and 2,000 11th stock acquisition rights at an issue price of ¥64 per right for the gross proceeds of ¥128,000; aggregate gross proceeds of ¥32,498,752 on April 24, 2024. The transaction will include participation from new investor Growth Partners Investment Union.

The exercise price is ¥940 from May 11, 2026 to May 10, 2030 for 10th Stock Acquisition and ¥1,500 from May 11, 2028 to May 10, 2030 for 11th Stock acquisition rights. The company has disclosed the total amount is ¥502,450,752, issuance expenses is ¥6,000,000 and the net proceeds is ¥496,450,752. The transaction has been approved by the shareholders and is expected to close on May 10, 2024.