E-Guardian Inc. announced a private placement of 1,527,716 common shares at an issue priced of ¥2,099 per share for the gross proceeds of ¥3,206,675,884 on August 2, 2023. The transaction will include participation from new investor CHANGE Holdings,Inc. The company will raise funding through third-party allotment method. The approval of the board of directors is still pending.

The transaction will be expected to close in between October 11, 2023 and November 30, 2023. The company will pay approximately ¥150,000,000 for advisory fees, ¥7,000,000 for legal fees, and ¥13,000,000 for registration related expenses and other expenses.