Red Planet Japan, Inc. announced a private placement that it will issue 670,000 stock acquisition rights at a issue price of Ñ23 per stock acquisition right for the aggregate proceeds of Ñ15,410,000 on December 28, 2022. The transaction will include participation from Schmonk Limited, Panefri Industrial Co., Ltd. and individual investors such as Matias de Tezanos, Gerrit Bruce van Wingerden. The transaction is expected to close on February 8, 2023.

The transaction has been approved by the board of directors of the company.