Marumitsu Co., Ltd announced that it has entered into an agreement private placement of 43, 1st unsecured convertible bond at ¥10,000,000 per bond for gross proceeds of ¥430,000,000 on December 10, 2021. The company transaction will include participation from Long Corridor Alpha Opportunities Master Fund for 35 units and MAP246 for 8 units. The transaction was approved by the board of directors. The securities are issued through third party allotment method. The transaction is expected to close on December 27, 2021. The company will also stock acquisition rights and the 3rd stock acquisition rights. The bonds are convertible into 2,582,582 shares at conversion price of ¥166.50. The bonds don’t carry any interest rate and will mature on December 27, 2023.