3-D Matrix, Ltd. announced that it expects to receive ¥2.609 billion in funding from CVI Investments, Inc.
August 10, 2021
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3-D Matrix, Ltd. announced a private placement of approximately 8,000,000 4th unsecured convertible bonds, with a face of JPY 100 each, at a price of JPY 100 per corporate bond with 40 units of stock acquisition rights for gross proceeds of JPY 800,000,000 and 65,000 30th stock acquisition rights for gross proceeds of JPY 14,430,000, for aggregate gross proceeds of JPY 2,609,000 on August 11, 2021. The funding will be raised through third-party allotment. The transaction is expected to close on August 27, 2021. The stock acquisition rights will be convertible at a initial conversion price of JPY 311 into 2,572,347 shares. The transaction will include participation from returning investor CVI Investments, Inc. The bonds carry no interest rate and have a redemption date of October 4, 2025. The application period for 30th stock acquisition rights is from August 30, 2021 to August 29, 2022. They carry an initial exercise price of JPY 280 each. The transaction has been approved by the board of directors of directors.
3-D Matrix, Ltd. is a company engaged in the research, development, manufacture and sale of medical products. The Company has Medical Product segment. The segment consists of two divisions. The medical product development and sales division is engaged in the research and development of medical equipment and drugs for surgery area, regeneration medicine area and drug delivery system (DDS) area based on the self-organizing peptide technology, including hemostatic, vascular embolization and alveolar bone reconstruction materials, among others. The research reagents sales division is engaged in the sale of medical products based on the self-organizing peptide technology for research and test use in universities and research institutes.
3-D MATRIX, LTD. 
