Tsubaki Nakashima Co., Ltd. announced that it has entered into a subscription agreement to issue 62,814 17th stock acquisition rights at a price of ¥466 per share acquisition right for the gross proceeds of ¥29,271,324 and series 1 unsecured convertible bonds on October 18, 2023. The transaction has been approved by the shareholders of the company. The transaction is expected to close on November 9, 2023.

The transaction will include participation from new investor AAGS S6, L.P. The exercise price is ¥796 per share and conversion price is ¥676.