Keyware Solutions Inc. (TSE:3799) announced that it has entered into a capital and business alliance agreement for a private placement of 1,200,000 shares at a price of ¥800 per share for gross proceeds of ¥960,000,000 on May 13, 2021. The transaction will include participation from Canon Marketing Japan Inc. (TSE:8060) and Kanematsu Electronics Ltd. (TSE:8096) for 600,000 shares each through third-party allotment. The transaction is expected to close on May 31, 2021.

The transaction was approved in the board of directors meeting of the company. The company will receive net proceeds of ¥909,500,000 in the transaction.