CAVE Interactive Co., Ltd. announced a private placement of 650,000 shares common shares at a price of ?908 per share for proceeds of ?590,200,000 on November 1, 2021. The transaction will include participation from new investor, Deluxe Games,Inc. The investor will acquire 11.06% stake through this transaction. The transaction has been approved by the board of directors of the company. The company will issue shares by way of third party allotment. The transaction is expected to close on November 17, 2021. The company will pay ?2,990,000 as expenses including registration statements of ?642,000, attorney's fees of ?100,000, registration costs of ?2,065,000, and investigation costs of scheduled allocation destinations of ?183,000, bringing the net proceeds to ?587,209,150.