C'sMEN Co.,Ltd. announced a private placement to issue 1,120,000 shares at an issue price of ¥400 per share for the gross proceeds of ¥448,000,000 and 44,800 4th stock acquisition rights at an issue price of ¥1,500 for the gross proceeds of ¥67,200,000; aggregate gross proceeds of ¥515,200,000 on February 9, 2024. The transaction will include participation from new investors Blue lagoon Co., Ltd. for 952,000 shares and 38,080 pieces and Shu Wakenko Co., Ltd. for 168,000 shares and 6,720 pieces. The transaction has been approved by the shareholders of the company and is subject to general shareholders which is to be held on March 11, 2024.

The company has disclosed the issue expenses of ¥21,000,000 and the net proceeds of the transaction is ¥2,734,200,000. The total payment of the transaction is ¥2,755,200,000.