Future Innovation Group, Inc. announced a private placement of 20,000 2nd stock acquisition rights at ¥200 per stock acquisition right for gross proceeds of ¥4,000,000, 5,000 3rd stock acquisition rights at ¥45 per stock acquisition right for gross proceeds of ¥225,000, 5,000 4th stock acquisition rights at ¥21 per stock acquisition right for gross proceeds of ¥105,000, for aggregate gross proceeds of ¥4,330,000 on June 27, 2022. The potential shares from the issuance of 2nd stock acquisition rights will be 2,000,000 shares, 3rd stock acquisition rights will be 500,000 shares and 4th stock acquisition rights will be 500,000 shares. The initial exercise price is ¥400 for the 2nd stock acquisition rights, ¥550 for the 3rd stock acquisition rights, and ¥650 for the 4th stock acquisition rights for a period from July 14, 2022 to July 16, 2024.

The transaction will happen through third party allocation. The company will incur issuance expenses with respect to the transaction including stock acquisition rights calculation and evaluation fees, change registration costs, and attorney's fees for ¥4,750,000. The issue date for stock acquisition rights will be July 13, 2022.

The transaction has been approved at board of directors' meeting of the company.