CAICA DIGITAL Inc. announced that it has entered into purchase agreement for private placement of 150,000 3rd stock acquisition rights at an issue price of Ñ8.9 per stock acquisition right for gross proceeds of Ñ1,335,000 on December 23, 2022. The transaction will include participation from Evo Fund, a fund managed by Evolution Capital Management, LLC. Each security can be converted into 15,000,000 shares at an exercise price of Ñ89.3 per share.

The stock acquisition rights can be exercised from January 11, 2023 to August 3, 2023. The company will issue securities using third party allotment method. Post conversion of warrants into common shares the transaction will have an issue expense of Ñ19,665,000 and net proceeds of Ñ1,319,835,000.

The transaction is expected to close on January 10, 2023. The transaction has been approved by the board of directors of the company.