Kuramoto Co., Ltd. (JASDAQ:5216) announced a private placement of 2,249,400 common shares at a price of ¥136 per share for gross proceeds of ¥305,918,400 and 13,088 stock acquisition rights at a price of ¥233 per share for gross proceeds of ¥2,918,624, for total gross proceeds of ¥308,837,024 on March 26, 2021. The transaction will include participation from new investors Nasu Material Corporation 1,470,500 shares and 8,560 stock acquisition rights , Ke Li 367,600 shares and 2,140 stock acquisition rights, JB Energy Co., Ltd. 147,000 shares and 855 stock acquisition rights, Mitsuru Haruyama 58,800 shares and 342 stock acquisition rights, Hisao Osawa 36,700 shares and 213 stock acquisition rights, Yuji Onuki 36,700 shares and 213 stock acquisition rights, Hisako Kikuchi 36,700 shares and 213 stock acquisition rights, Toru Kubota 36,700 shares and 213 stock acquisition rights, Takashi Haruyama 14,700 shares and 85 stock acquisition rights, Yasushi Fuji 14,700 shares and 85 stock acquisition rights, NG SOK CHIN 14,700 shares and 85 stock acquisition rights, Kazuo Osawa 7,300 shares and 42 stock acquisition rights, Recycle Bank Co., Ltd. 7,300 shares and 42 stock acquisition rights. The stock acquisition rights are exercise at ¥177,996,800 at an exercise price 136 yen. The transaction is expected to close on April 16, 2021. The transaction is approved by the board of directors of the company.