Small and medium sized Enterprises Holdings,Inc. announced that it expects to receive ¥13.3 million in funding from First Link Inc Limited and other investors.

Small and medium sized Enterprises Holdings,Inc. announced a private placement of 380,000 series 27 stock acquisition rights at an issue price of ¥35 per stock acquisition right for gross proceeds of ¥13,300,000 on March 31, 2023. The transaction will include participation from returning investor, First Link Inc Limited for 100,000 stock acquisition rights along with individual investors, Yuki Tanaka for 100,000 stock acquisition rights , Nobuko Yamashiro 125,000 for stock acquisition rights , Masutake Tamaoka for 40,000 stock acquisition rights and Masutake Tamaoka for 40,000 stock acquisition rights. Each stock acquisition right is exercisable into 100 shares of the company.

The method of capital increase is through third party allocation. The transaction has been approved by the board of directors of the company. The expected date of payment is April 17, 2023.

The estimated issuance expenses (assuming that all stock acquisition rights are exercised) are registration-related expenses of ¥6,077,000 (assuming that the number of registrations is 10), valuation expenses of stock acquisition rights of ¥1,650, financial advisory commission of ¥29,260,000 and other administrative expenses for ¥6,313,000, for aggregate issuance expenses of 43,300,000 yen.