Meditra, Inc. announced that it expects to receive ¥50 million in funding from Media Kobo, Inc.
February 23, 2021
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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.
Media Kobo Inc is a Japan-based company mainly engaged in digital contents business. The Company operates through four business segments. Digital Contents segment is a one-to-n service business that plans, produces, and distributes fortune-telling appraisals and article content aimed at women for its own Website, Internet service provider (ISP), mobile carriers, and platforms such as Apple and Google. One to One segment is a one-to-one service business that features two-way communication that connects users and fortune tellers directly by phone. XR segment plans and produces services that utilize real-time live-action stereoscopic video shooting technology. SNS segment is engaged in the operation and service planning of social platforms.