eBOOK Initiative Japan CO.,LTD. (TSE:3658) announced a private placement of 534,400 common shares at ¥935 per share with new investor Cookpad Inc. for gross proceeds of ¥499,664,000 on April 7, 2015. The investor will acquire 10.39% stake in the company through this transaction. The investor will inject ¥249,832,000 into the registered capital of the company.

As part of the transaction, Yoshiteru Akita from Cookpad Inc. will be appointed external director of the company. The company will receive net proceeds of ¥497,164,000 after deducting issuance expenses of ¥2,500,000. The payment date for the transaction is April 23, 2015.