C'sMEN Co.,Ltd. announced that it expects to receive ¥599.4212 million in funding from Baby Blacks Corporation
August 14, 2018
Share
C'sMEN Co.,Ltd. (JASDAQ:3083) announced that it will issue 882,800 shares at a price of ¥679 per share for gross proceeds of ¥599,421,200 on August 15, 2018. The company will pay issue expense of ¥5,800,000, which includes ¥4,200,000 as registration fee, ¥1,000,000 as third party committee cost, ¥600,000 as other expenses which further includes anti-social survey, expenses to prepare securities filers, stock issuance affairs. The net proceeds raised by the company will be ¥593,621,200. The transaction is expected to close on August 31, 2018. all securities are issued through third party allotment method. The transaction included participation from SPA Fund No. 7 Investment Limited Partnership, SPA Fund No. 8 Investment Limited Partnership, Apparel Innovation Fund Investment Limited Partnership, SPA Fund No. 5 Investment Limited Partnership, SPA Fund No. 6 Investment Limited Partnership, SPA Fund No. 4 Investment Limited Partnership, SPA Fund No. 3 Investment Limited Partnership, SPA Fund No. 2 Investment Limited Partnership, AH Trust Investment Limited Partnership, SPA Fund No. 1 Investment Limited Partnership, KST Trust Fund No. 5 Investment Limited Partnership, and IT Trust No. 3 Investment Limited Partnership, funds managed by Baby Blacks Corporation and Digital Asset Fund Investment Limited Partnership and Market Wizard Fund Investment Limited Partnership, funds managed by GD Co., Ltd. Post the transaction, Digital Asset Fund Investment Limited Partnership will hold 9.04% stake, SPA Fund No. 2 Investment Limited Partnership will hold 2.85% stake, SPA Fund No. 4 Investment Limited Partnership will hold 2.61% stake, IT Trust No. 3 Investment Limited Partnership and KST Trust Fund No. 5 Investment Limited Partnership will hold 2.37% stake, SPA Fund No. 1 Investment Limited Partnership and SPA Fund No. 6 Investment Limited Partnership will hold 1.88% in the company.
Câs MEN Co., Ltd. is engaged in the operation of casual wear specialty stores. The Company sells shirts, sweaters, sweat shirts, bottoms, jackets, accessories and miscellaneous goods through specialty stores under the names of METHOD, Ryugi Assaku, METHOD COMFORT and AGIT POIT, mainly located in Kanto, Kinki and Northern Kyushu areas.