Kushim, Inc. announced a private placement of 30,000 units of 11th stock acquisition rights at an issue price of ¥420 per unit for the gross proceeds of ¥12,600,000 on November 14, 2023. The transaction will include participation from new investor, Tokai Tokyo Financial Holdings, Inc. The warrants will be issued through third-party allotment of shares. The transaction has been approved by the shareholders of the company and is expected to close on November 30, 2023.

The warrants will have an initial exercise price of ¥352 and can be exercised from December 1, 2023 to November 28, 2025.