LAC Co., Ltd. announced a private placement of 4,610,000 shares at an issue price of ¥715 per share for gross proceeds of ¥3,296,150,000 on January 21, 2022. The transaction will include participation from Nomura Research Institute, Ltd. for 3,130,000 shares and KDDI Corporation for 1,480,000 shares. The transaction is expected to close on February 14, 2022.

The company will received funding through third-party allotment of capital.