Hope, Inc. announced that it expects to receive ¥518.390195 million in funding from Macquarie Bank Limited, Investment Arm, and other investors
April 29, 2021
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Hope, Inc. (TSE:6195) announced a private placement of 330,400 shares at a price of ¥1,211 per share for gross proceeds of ¥400,114,400, 74,400 shares at a price of ¥1,345 per share for gross proceeds of ¥100,068,000, and 33,045 9th stock acquisition rights at an issue price of ¥551 per security for gross proceeds of ¥18,207,795, for aggregate gross proceeds of ¥518,390,195 on April 30, 2021. The transaction will include participation from individual investors Daishi Fukudome for 247,800 shares at a price of ¥1,211 per share, Tomokazu Ukijo for 82,600 shares at a price of ¥1,211 per share, Takayasu Tokitsu, CEO of the company, for 74,400 shares at a price of ¥1,345 per share, and Macquarie Bank Limited, Investment Arm for 33,045 stock acquisition rights. Each stock acquisition right is exercisable into 100 common shares of the company at an initial exercise price of ¥1,345 per share. The company will issue shares through third-party allotment method. The company will incur expenses of ¥6,000,000 in connection with the issuance of 330,400 shares at a price of ¥1,211 per share, and ¥2,000,000 in connection with the issuance of 74,400 shares at a price of ¥1,345 per share, and will receive net proceeds of ¥394,114,400 and ¥98,068,000, respectively. In connection with the issuance of 330,400 shares at a price of ¥1,211 per share, out of the total gross proceeds, ¥200,057,200 will be added to the capital of the company, ¥200,057,200 will be added to the capital reserve. In connection with the issuance of 74,400 shares at a price of ¥1,345 per share, out of the total gross proceeds, ¥50,034,000 will be added to the capital of the company, ¥50,034,000 will be added to the capital reserve. The transaction has been approved by board of directors of the company, and is expected to close on May 17, 2021.
Hope Inc is a Japan-based company engaged in advertising, energy and media businesses. The Company operates through three business segments. Energy segment offers GENEWAT, an electricity retail service that helps local governments reduce costs. Advertising segment offers two kinds of services. The smart resource (SR) service purchases advertising space in various media such as homepages owned by local governments, public relations papers, salary statements distributed to public employees, and envelopes and sells them to private companies. The smart creation (SC) service, in the form of collaborative issuance with local governments, recruits advertisers to produce information booklets for residents and donates the booklets to local governments. Media segment utilizes the relationships with local governments cultivated in the advertising business to provide business to government (BtoG) marketing services, Jichitai Works, and Jichitai Works HA x SH information distribution platform.
HOPE, INC. 
