Kozosushi Co., LTD. announced that it has entered into purchase agreement with investor for private placement of 200,000 12th stock acquisition rights at an issue price of ¥3.6 per stock acquisition right for gross proceeds ¥720,000 and 45,000 13th stock acquisition rights at an issue price of ¥9.5 for gross proceeds of ¥427,500 for aggregate gross proceeds of ¥1,147,500 on November 4, 2022. The transaction will include participation from returning investor, Evo Fund, a fund managed by Evolution Capital Management, LLC. Each stock acquisition right is exercisable into 100 common share at a price of ¥12 and will receive proceeds of ¥538,347,500 on post exercise of stock acquisition rights.

The stock acquisition rights are issued through a third party allotment method. The transaction has been approved by the board of directors of the company.