KeyHolder, Inc. (JASDAQ:4712) entered into capital and business alliance agreement with new investor Daiichikosho Co., Ltd. (TSE:7458) for private placement of 294,985 shares at a price of ¥1,017 per share for the gross proceeds of ¥299,999,745 on third-party allotment basis on December 1, 2020. The investor will acquire 1.75% stake in the company. The transaction is expected to close on December 21, 2020.

The company will pay ¥3,000,000 as issuance expenses and receive ¥296,999,745 as net proceeds. The transaction has been approved by the board of directors of investor.