Kozosushi Co., LTD. announced that it expects to receive ¥2.6578 million in funding from HANSHINSHUHAN,Inc.
August 13, 2020
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Kozosushi Co., LTD. (JASDAQ:9973) announced that it has entered into purchase agreement with investor for private placement of 2,740,000 10th stock acquisition rights at an issue price of ¥0.97 per stock acquisition right for gross proceeds ¥2,657,800 on August 14, 2020. The transaction will include participation from HANSHINSHUHAN,Inc. Each stock acquisition right is exercisable into common share at a price ¥72 and will receive proceeds of ¥199,937,800 post exercise of 10th stock acquisition rights. The stock acquisition rights will be issued through a third party allotment method. The transaction has been approved by the board of directors of the company. The transaction is expected to close on August 31, 2020.
Kozosushi Co.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of sushi and bento boxes, and supply and provision of raw materials to members as a franchise for Kosushi. The Company operates in three segments. The Takeout Sushi and others segment operates shops under the brand names Kozosushi and Chagetsu. It has directly-managed stores under name Curry House Spicy, Chunyodo and San Marco. Sushi Franchise (FC) business is providing brandâs using right and instruction for product manufacture and sale to get paid. The nursing and welfare business segment has facilities for the elderly with services Laport. The Delivery business segment includes combined home delivery business that provides home delivery sales of in-house prepared foods and home delivery services for nearby restaurants and home delivery FC business.
KOZOSUSHI CO., LTD. 