Softfront Holdings Co., Ltd. (JASDAQ:2321) announced a private placement of 700,000 shares at a price of ¥111 per share for gross proceeds of ¥77,700,000 on November 25, 2019. The transaction will include participation from new investor Gexeed Co., Ltd. (JASDAQ:3719), to hold 2.67% stake in the company. The company will raise funding through third-party allotment method.

The payment date is December 11, 2019. The transaction has been approved by board of directors of the company.