BBD Initiative Inc. announced a private placement of 4,220 1st stock acquisition rights at a price of ¥441 per warrant for the gross proceeds of ¥1,861,020, 4, 220 2nd stock acquisition rights at a price of ¥79 per warrant for the gross proceeds of ¥333,380 for an aggregate proceeds of ¥2,194,400 on March 27, 2024. The warrants will be exercisable at an exercise price for 1st stock acquisition right of ¥955 per share and 2nd stock acquisition rights for ¥1,137 per share. The transaction is expected to close on April 12, 2024.

The acquisition rights will be allotted to Growth Capital using the method of third-party allotment.