Port Inc. announced a private placement of 269,100 shares at issue price of ¥743 per share for gross proceeds of ¥199,941,300 on July 5, 2021. The transaction included participation from new investor, Change Inc. The investor will hold 2.34% stake in the company post closing of the transaction. The company will raise funds through third party allocation increase. The company will incur expenses of ¥650,000 in relation to the transaction. The transaction is expected to close on July 26, 2021. The transaction has been approved by the board of directors of the company.