Giv-Tech, Inc. announced a private placement of 700 common shares at an issue price ¥50,000 for gross proceeds of ¥35,000,000 on December 15, 2022. The transaction will include participation from returning investor Global Information, Inc. for 98.90% stake in the company. The company is raising funding through third-party allotment.

The expected payment date is in December 2022. The transaction has been approved by the board of directors. After the completion of the transaction the capital of the company will be ¥83,000,000 and 2,730 common shares.