Mixbass, inc. announced that it expects to receive ¥139 million in funding from Media Kobo, Inc.
September 22, 2020
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Mixbass, inc. announced private placement of 10,000 shares at an issue price of ¥13,900 per share for gross proceeds of ¥139,000,000 on September 23, 2020. The transaction will involve participation from returning investor Media Kobo, Inc. (TSE:3815). The transaction has been approved by the board of directors of the investor. The company will raise funding through third party allotment method. The capital of the company will increase from ¥69,500,000 to ¥99,500,000 after the capital increase. The payment date is October 1, 2020.
Media Kobo Inc is a Japan-based company mainly engaged in digital contents business. The Company operates through four business segments. Digital Contents segment is a one-to-n service business that plans, produces, and distributes fortune-telling appraisals and article content aimed at women for its own Website, Internet service provider (ISP), mobile carriers, and platforms such as Apple and Google. One to One segment is a one-to-one service business that features two-way communication that connects users and fortune tellers directly by phone. XR segment plans and produces services that utilize real-time live-action stereoscopic video shooting technology. SNS segment is engaged in the operation and service planning of social platforms.