Solasia Pharma K.K. (TSE:4597) announced that it will issue 11,324,000 common shares at a price of ¥151 per share for gross proceeds of ¥1,709,924,000 on December 10, 2019. The transaction will include participation from new investor Maruho Co.,Ltd. for 9.7% stake in the company. The company will raise the funding through third party allotment. The payment date is December 26, 2019.