Fukushima Sports Entertainment Co., Ltd. announced that it will issue 42,500 shares at an issue price of ¥10,000 for gross proceeds of ¥425,000,000 on August 10, 2022. The transaction will include participation from returning investor SHIKIGAKU. Co., Ltd. to retain it's majority stake in the company.

The transaction has been approved at the SHIKIGAKU. Co., Ltd. board of directors meeting. The transaction is subject to the approval of the company annual general meeting of shareholders to be held on September 28, 2022.

The company will raise funds through third-party allotment. The company is expected to close the offering on or before October 6, 2022.