Remixpoint, Inc. announced that it expects to receive ¥18.728 million in funding from Sora Co., Ltd.
February 24, 2021
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Remixpoint, Inc. (TSE:3825) announced a private placement of 76,754 15th Stock Acquisition Rights at a price of ¥220 per stock acquisition right for gross proceeds of ¥16,885,880 and 32,895 16th Stock Acquisition Rights at a price of ¥56 per stock acquisition right for gross proceeds of ¥1,842,120 for aggregate gross proceeds of ¥18,728,000 on February 25, 2021. The transaction will include participation from returning investor Revive Investment Partnership, a fund managed by Sora Co., Ltd. through third-party allotment. Each stock acquisition right is exercisable into 100 common shares at a minimum exercise price ¥114. The exercise period of the 15th Stock Acquisition Rights is from March 15, 2021 to March 14, 2023 and the 16th Stock Acquisition Rights is from March 15, 2021 to March 14, 2023. The transaction has been approved in the board of directors meeting of the company. The transaction is expected to close on March 15, 2021. The securities to be issued are subject to transfer restrictions.
Remixpoint, inc. is a Japan-based company mainly engaged in energy-related business and automotive business. Energy-related business engages in the development and sales of energy management systems, energy saving support consulting, sales of energy saving equipment, as well as purchase and sale power. Automotive-related businesses engages in the development and sale of used car assessment system, buying and selling of used cars related consulting, as well as the buying and selling of used cars. The Company also engages in operating of virtual currency trading post related services.