Meditra, Inc. announced a private placement of 500 common shares at a price of ¥100,000 per share for the gross proceeds of ¥50 million on February 24, 2021. The transaction will include participation from returning investor Media Kobo, Inc. (TSE:3815) to maintain 100 stake in the company. The company will raise the funds through third-party allotment method. The transaction has been approved by board of directors of the investor. The transaction is expected to close on February 26, 2021. Post-closing of the transaction the capital of the company will increase to ¥35 million and total outstanding shares will be 1,000 shares.