Pepper Food Service Co., Ltd. announced that it expects to receive ¥40.801928 million in funding from Advantage Partners, Inc., Inflexion Partners, Flagship Asset Management, Inc.

Pepper Food Service Co., Ltd. announced a private placement of 200,000 units of 13th Stock Acquisition Rights at an issue price of ¥175 per 13th stock acquisition right for the gross proceeds of ¥35,000,000 and 65,931 units of 14th Stock Acquisition Rights at an issue price of ¥88 per 14th stock acquisition right for the gross proceeds of ¥5,801,928; aggregate proceeds of ¥40,801,928 on December 8, 2022. The transaction will include participation from returning investor 13th Stock Acquisition Rights Inflexion II Investment Limited Partnership 123,200 units, Inflexion II Cayman, LP 45,200 units, Flagship Asset Management Investment Partnership No. 88 31,600 units and 14th Stock Acquisition Rights Inflexion II Investment Limited Partnership 40,708 units, InfleXion II Cayman, LP 14,607 units, Flagship Asset Management Investment Union No.

88 10,616 units. The exercise of 13th stock acquisition rights ¥4,000,000,000 and exercise of 14th stock acquisition rights ¥1,318,620,000. The stock acquisition rights are restricted to a hold period.

The transaction has been approved by the board of directors and is expected to close on December 26, 2022. The company will pay ¥14,000,000 as an issuance cost in the transaction.