General Oyster, Inc. announced that it will issue 561,000 common shares at an issue price of ¥890 per share for gross proceeds of ¥499,290,000 on January 11, 2022. The company has signed agreement with the investor for the transaction. The transaction includes participation from new investor Hanwa Co., Ltd. for 2.80% stake in the company and existing investor Nexta Anonymous Partnership.

Post-closing of the transaction, Nexta Anonymous Partnership will increase its stake from 21.51% stake to 29.72% stake in the company. The company will issue shares through third-party allotment method. The payment date is January 27, 2022.