Wintest Corp. announced a private placement of 3,669,000 shares at an issue price of ¥109 per share for the gross proceeds of ¥399,921,000 on September 15, 2023. The transaction will include participation from new investor RAKUGEN OVERSEAS INTERNATIONAL (HK) LIMITED.

The company has disclosed the issue expenses of ¥7,550,000. The transaction has been approved by the shareholders of the company and is expected to close from October 2, 2023 to November 30, 2023. The company has disclosed the issue expenses of ¥2,800,000 for registration costs and judicial scrivener's fees, ¥1,500,000 in supporting the preparation of underwriting agreements, ¥3,000,000 for securities registration statement preparation costs and ¥250,000 for research costs for prospective allottee.