Hash DasH Holdings Co., Ltd. announced that it will issue 50,000,000 shares of class A preferred stock at issue price of ¥10 per share for gross proceeds of ¥500,000,000 on May 12, 2023. The company has signed investment agreement with new investor FaithNetwork Co.,Ltd in the transaction. The company will issue security through a third-party allotment.

The transaction has been approved board of directors and is subject to approval at the shareholders' meeting. The transaction is expected to closed on May 25, 2023.