Shidax Corporation (JASDAQ:4837) announced a private placement of 888,888 shares at a price of ¥306 for gross proceeds of ¥271,999,728 on February 21, 2019. The company will received funding through third party allocation. The transaction included participation from Star festival Ltd for 562,091 common shares for gross prceeds of ¥171,999,846 and PC phase Ltd for 326,797 common shares for gross proceeds of ¥99,999,882. The transaction was approved by the board of directors of the company.