Eltes Co.,Ltd. announced a private placement of 825,000 common shares at a price of ¥976 per share for gross proceeds of ¥805,200,000 on April 21, 2022. The transaction will include participation from new investor DOSO Co., Ltd. for 205,000 shares, and LAC Co., Ltd. for 620,000 shares. The company has entered into capital and business alliance agreement with LAC Co., Ltd. The company will issue shares by the third-party allotment method.

The company will incur total issuance expenses of ¥6,000,000 which includes ¥3,000,000 for registration fee and judicial scrivener fee, ¥1,000,000 for attorney's fee, ¥1,000,000 for planned allocation destination investigation fee, and ¥1,000,000 for securities registration statement preparation fee. The company will raise net proceeds of ¥799,200,000 in the transaction. The transaction was approved by the board of directors of the company, and is expected to close on May 17, 2022.