ArtSpark Holdings Inc. announced that it expects to receive ¥1.5467152 billion in funding from LINE Digital Frontier Co., Ltd.
December 09, 2021
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ArtSpark Holdings Inc. announced a private placement of 1,722,400 common shares at an issue price of ¥898 per share for gross proceeds of ¥1,546,715,200 on December 10, 2021. The transaction include participation from LINE Digital Frontier Co., Ltd. for all the shares issued. The shares are issued through third party allotment. The transaction is expected to close on December 28, 2021. The transaction was approved by board of directors of the company. The company’s outstanding shares will increase from 32,724,880 shares to 34,447,280 shares after the transaction. The company’s capital will increase from ¥1,501,555,162 to ¥2,274,912,762 after the transaction.
CELSYS Inc, formerly ArtSpark Holdings Inc, is a Japan-based company mainly engaged in the business management of subsidiaries that plans, develops, sells, licenses, and maintains and manages computer software and peripherals, as well as related businesses. The Company operates through two segments. The Creator Support segment promotes the research and development and practical application of graphic technology, and expands the product lineup that supports new content production techniques and new devices. The User Interface (UI)/User Experience (UX) segment develops products centered on the in-vehicle software development platform CGI Studio and the UI authoring software group UIConductor, with a focus on the automotive (four-wheel and two-wheel) sector.
CELSYS, INC. 
