MedPeer,Inc. announced that it will issue 150,000 common shares through a third party allocation of shares at an issue price of JPY 2,046 per share for gross proceeds of JPY 306,900,000 on August 9, 2022. The transaction will include participation from new investor, EPS Holdings, Inc. The company will pay approximate issuance costs of JPY 3,050,000 raising estimated net amount of JPY 303,850,000. The transaction has been approved by the board of directors.