FHT holdings Corp. announced a private placement of 48,170,000 common shares of the company at a price of ¥27 per share for gross proceeds of ¥1,300,590,000 on February 17, 2023. The transaction will include participation from returning investor Revive Investment Partnership, a fund managed by returning investor Sora Co., Ltd, previously owned 38.38% stake in the company, and after the completion of the transaction stake will be 48.87%.

The company will issue shares through third-party allotment. The transaction has been approved by the board of directors of the company. The transaction is expected to close on March 6, 2023.

The company will receive net proceeds of ¥1,291,490,000 in the transaction. The company will pay overall ¥9,100,000 in expenses related to issuance, including ¥3,000,000 for setting up a third-party committee, ¥4,600,000 for registration expenses and judicial scrivener fees, ¥1,250,000 for preparation of securities registration statements, and ¥250,000 for investigation of planned allottees. After the completion of the transaction SBI SECURITIES Co., Ltd. stake will reduce to 1.79%, Rakuten Securities, Inc. stake will reduce to 1.10% and Iwamizu Co., Ltd. stake will reduce to 1.02%.