Star Flyer Inc. (TSE:9206) announced a private placement of 5,500 class A shares at an issue price of ¥1,000,000 for proceeds of ¥5,500,000,000, 2,500 class B common share at an issue price of ¥1,000,000 for proceeds of ¥2,500,000,000 and 15,129 stock acquisition rights for proceeds of ¥22,693,500; for aggregate proceeds of ¥8,022,693,500 on December 25, 2020. The company will issue A shares to IXGS III Investment Limited Partnership and B shares to ANAHD for 1,500 shares, Toto Ltd. for 250 shares, YASKAWA Electric Corporation for 250 shares, Yoshimoto Kosan Co., Ltd. for 185 shares, World Holdings Co., Ltd. for 100 shares, Daiichi Koutsu Sangyo Co.,Ltd. for 50 shares, Hallo Day Co.,Ltd. for 50 shares, Yanai Co., Ltd. for 50 shares, Nishi-Nippon Railroad Co., Ltd. for 30 shares, Kyudenko Corporation for 10 shares, Saibu Gas Co.,Ltd. for 10 shares, SunLive Co., Ltd. for 10 shares and Shabondama Soap Co., Ltd. for 5 shares, and stock acquisition rights will be issued to IXGS III Investment Limited Partnership and other investors. The stock acquisition rights will be exercised on ¥1,982.3 per share during September 10, 2021, September 12, 2022 and September 11, 2023.

The Stock Acquisition Rights Holder shall acquire the Stock Acquisition Rights from March 9, 2021 to March 9, 2026. The transaction is expect to close on March 9, 2021, and is approved by the shareholders of the company and is further subject to shareholder's approval. The company paid an issuance expenses ¥420,000,000 in the transaction.