CommSeed Corporation announced a private placement of 306,500 shares at a price of ¥323 per share for gross proceeds of ¥98,999,500 on July 18, 2023. The transaction will include participation from returning investor, Takeo Ureshino Country Club Co., Ltd. The company will issue shares through third party allocation method. The transaction is expected to close on August 2, 2023.

The transaction has been approved by the board of directors of the company. The company will pay ¥1,000,000 as issuance cost.