Sanko Marketing Foods Co., Ltd. announced that it will issue 40 2nd unsecured convertible bond-type bonds with stock acquisition rights at a price of JPY 5,000,000 for gross proceeds of JPY 200,000,000 and 30,000 units 6th stock acquisition rights at a price of JPY 29.2 for gross proceeds of JPY 876,000 for aggregate gross proceeds of JPY 200,876,000 on March 27, 2024. The transaction will include participation from Evo Fund, a fund managed by Evolution Capital Management, LLC. The bonds bear an interest of 0% and are redeemable on April 11, 2025.

The 6th stock acquisition rights are convertible into 1,217,280 shares at an initial exercise price of JPY 164.3 per share. The company issued bonds with stock acquisition rights and stock acquisition rights through third-party allotment method. The transaction is expected to close on April 12, 2024.

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