WEARE Inc. announced a private placement of 210 shares for gross proceeds of ¥71,400,000 on May 25, 2018. The transaction will include participation from new investor CommSeed Corporation (NSE:3739) to acquire 6.29% stake for 90 shares, Tokyo News Service, Ltd. for 6.29% stake for 90 shares and Walk Co., Ltd. for 2.10% stake for 30 shares, in the company. The company will issue equity through a third party allotment method. The transaction is expected to close on May 28, 2018. The transaction has been approved by the board of directors of the investor.