Media Links Co.,Ltd. announced a private placement of 160,000 16th stock acquisition rights at ¥12 per stock acquisition right for gross proceeds of ¥1,920,000, and 80,000 17th stock acquisition rights at ¥6 per stock acquisition right for gross proceeds of ¥480,000; for aggregate gross proceeds of ¥2,400,000 on March 7, 2023. The transaction included participation from returning investor Evo Fund, a fund managed by Evolution Capital Management, LLC. The potential shares from the issuance of stock acquisition rights will be 24,000,000 shares.

The initial exercise price of stock acquisition rights ¥73. The transaction will happen through third party allocation. The issue date for stock acquisition rights will be March 23, 2023.

The transaction has been approved at board of directors? meeting of the company.