Renaissance,Incorporated announced that it expects to receive ¥5.01157688 billion in funding
November 10, 2022
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Renaissance,Incorporated announced that it will issue common shares, convertible debt and pre-paid warrants for the aggregate proceeds of ¥ 5,011,577,360 on November 11, 2022.
Common Shares - The company issued 2,092,000 A shares at an issue price of ¥ 956 per share for the gross proceeds if ¥1,999,952,000. The company issued shares through third party allotment. The payment of the shares are from January 23, 2023 to January 31, 2023.
Issuance of Bonds with Stock Acquisition Rights - The company has raised ¥1,499,988,000. The bonds will be converted into shares at a conversion price of ¥ 956 per share. The payment date of the convertible debt is January 31, 2023. The maturity date of the bond is January 31, 2028.
Stock Acquisition Rights - The company has issued 2,031,770 pre-paid warrants at an issue price of ¥ 744 for the gross proceeds of ¥1,511,637,360. The payment date of pre-paid warrants is January 31, 2023. The company has disclosed the ¥ 25,799,000 issue expenses.
RENAISSANCE,INCORPORATED is a Japan-based company engaged in sports clubs and related businesses. The Company is engaged in fitness club, sports club business such as swimming tennis and golf school, health promotion business in local governments and companies, nursing care business and other related businesses. The Company has various types of facilities, such as a comprehensive sports club with various schools including swimming and tennis, hot-water facilities in a fitness club, a single school only for tennis and swimming, a single studio facility mainly for yoga and pilates programs, personal type facilities with one-on-one instruction, boutique-type facilities, as well as rehabilitation facilities that working on independence support of nursing care authorized person.
RENAISSANCE,INCORPORATED 