SBI SECURITIES Co., Ltd. agreed to acquire 15.63% stake in Intimate Merger, Inc. from FreakOut Holdings, inc. for approximately ¥840 million.

SBI SECURITIES Co., Ltd. agreed to acquire 15.63% stake in Intimate Merger, Inc. (TSE:7072) from FreakOut Holdings, inc. (TSE:6094) for approximately ¥840 million on November 16, 2020. As part of the transaction, SBI SECURITIES will purchase 0.45 million shares of Intimate Merger at ¥1,868.65 per share. Post the transaction, FreakOut Holdings will hold 1.24 million, representing 43.16% stake in Intimate Merger.

Intimate Merger has generated revenues of ¥2.04 billion, operating income of ¥57 million, net income of ¥20 million, total assets of ¥1.61 billion and net assets of ¥1.23 billion for the year ended September 2020. The Board of Directors of FreakOut Holdings resolved the transaction.