ArchiTek Corporation announced that it will issue 16,000 class C preferred stock at a price of ¥6,500 per share of preferred stock for gross proceeds of ¥104,000,000 on August 15, 2022. The transaction will include participation from new investor Asterisk Inc. The company will issue preferred shares via third-party allotment. The transaction has been approved by the board of directors of the company.

The preferred stock will contain 1.9% of voting rights.