CanBas Co., Ltd. announced a private placement of 500,000 common shares at an issue price of ¥1,458 per share for the gross proceeds of ¥729,000,000, 22,500 19th stock acquisition rights at an issue price of ¥609 per unit for the proceeds of ¥13,702,500, 10,000 20th stock acquisition rights at an issue price of ¥534 for the proceeds of ¥5,340,000 for the gross proceeds of ¥748,042,500 on May 18, 2023. The transaction will include participation from new investors Long Corridor Alpha Opportunities Master Fund and MAP246 Segregated Portfolio. The company will issue shares through third-party allotment.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 2, 2023.