FUJITA CORPORATION Co.,Ltd. announced that it expects to receive ¥0.51 million in funding from Evolution Capital Management, LLC
December 05, 2021
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FUJITA CORPORATION Co.,Ltd. announced that it has entered into a stock acquisition right purchase agreement for a private placement of 600,000 series sixth stock acquisition rights at a price of ¥0.85 per stock acquisition right for gross proceeds of ¥51,000 on December 6, 2021. The transaction will include participation from returning investor Evo Fund, a fund managed by Evolution Capital Management, LLC. The stock acquisition right to be issued are exercisable into 600,000 common shares equivalent to ¥169,132,000. There is no maximum strike price. The company will issue securities through third party allotment. The company expects to close the transaction on December 22, 2021.
FUJITA CORPORATION Co., Ltd. is principally engaged in the operation of food business. The Company operates in two business segments. The Food segment is engaged in the operation of franchised and original brand business, including fast food business. The Product Sales segment is engaged in the sale of products and the operation of Internet cafes, including franchised and original brand business.