Marumitsu Co., Ltd. has entered into an agreement private placement of 25, 1st unsecured convertible bond at ¥20,000,000 per bond for gross proceeds of ¥500,000,000, 50,000-pieces 4th stock acquisition rights at an issue price of ¥9,191.3 for gross proceeds of ¥459,568,000 for aggregate proceeds of ¥959,565,000 on November 14, 2022. The company transaction will include participation from returning investors Long Corridor Alpha Opportunities Master Fund for 20 units and MAP246 for 5 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 November 30, 2022. The bonds are convertible into 5,446,622 shares at conversion price of ¥91.80.

The bonds will not be paid with interest, Redemption date for the bonds on December 2, 2024. The bonds will mature for 2 years. The exercise price shall be ¥91.80 for stock acquisition rights.

The company will issue 40,000 stock acquisition rights for Long Corridor Alpha Opportunities Master Fund and 10,000 stock acquisition rights for MAP246, returning investors. The transaction is expected to close on November 30, 2022. The securities issued are restricted.

The company will pay issue expenses ¥17,825,000 in the transaction. The transaction was approved by the board of directors of the company.