ITEA Inc. announced that it will issue 302 shares at a price of ¥100,000 per share for the gross proceeds of ¥ 30,200,000 from Generation Pass Co., Ltd. (TSE:3195) on September 15, 2017. The payment date for the shares is expected on September 22, 2017. The shares will be issued through third party allotment method. Investor acquired 50.33% stake in the company.