Visionaryholdings Co.,Ltd. (JASDAQ:9263) announced a private placement of 12,444,600 common shares at a price of ¥341 per share for gross proceeds of ¥4,243,608,600 on December 13, 2019. The company will issue common shares in the transaction. The transaction will include participation from new investor M3, Inc. (TSE:2413).

The shares will be issued through third party allotment. The transaction is expected to close on February 18, 2020.