AP Holdings Co.,Ltd. (TSE:3175) announced that it will issue 2,904,100 shares at an issue price of ¥427 per share for gross proceeds of ¥1,240,050,700, 1,000 class A preferred stock at an issue price of ¥1,000,000 for gross proceeds of ¥1,000,000,000 and 300 shares of class B preferred stock at an issue price of ¥1,000,000 per share for gross proceeds of ¥300,000,000, for aggregate gross proceeds of ¥2,540,050,700 on February 10, 2021. The transaction will involve participation from Oisix ra daichi Inc. (TSE:3182) for 562,100 shares and returning investor, Hisashi Yoneyama for 2,342,000 shares, new investor RKD Encourage Fund, a fund managed by Resona Capital Co., Ltd. and DBJ Regional Investment Co., Ltd. for class A preferred stock and SB/A2 Fund L.P. for class B preferred stock. The securities are issued through the method of third-party allotment.

Post the closing, Hisashi Yoneyama's stake will increase from 39.53% to 51.35%. The payment date for common shares is February 26, 2021, payment date for Class A preferred stock is March 29, 2021, and payment date for Class B preferred stock is March 29, 2021. The transaction has been approved by the board of directors of the company.