Neural Group Inc announces private placement of 180,832 common shares at an issue price of JPY 1,106 per common share for gross proceeds of JPY 200,000,192 on December 22, 2023. The transaction will include participation from new investors Cross Plus Inc for 90,416 shares and Kyodo News K.K for 90,416 shares. The transaction is expected to close on January 10, 2024.

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