Relay2 Inc. entered a contract of private placement of 1,000,000 shares at the price of $5 per share for gross proceeds of $5,000,000 on April 20, 2022. The transaction will include participation from existing investor T-Gaia Corporation which will increase holding from 1,469,830 shares to 2,469,830 shares. The total advisory expenses for acquisition of shares and capital increase will be ¥3,000,000 ($23,340). The transaction has been approved by the board of directors of the investor. The transaction is expected to close on April 27, 2022.