Jimoto Holdings, Inc. announced a private placement of 5,300,000 common shares at an issue price of ¥371 per share for the gross proceeds of ¥1,966,300,000 and 18,000,000 non-convertible Class E preferred shares at an issue price of ¥1,000 per share for the gross proceeds of ¥18,000,000,000; for aggregate total gross proceeds of ¥19,966,300,000 on September 1, 2023. The transaction will include participation from new investor SBI Holdings, Inc. The shares are allotted through third-party allotment method. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on September 29, 2023 for Class E preferred shares.