Ishigaki Foods Co.,Ltd. announced a private placement of 420,000 common shares at a price of ¥151 per share for gross proceeds of ¥63,420,000; 680,000 common shares at a price of ¥150 per share for gross proceeds of ¥ 102,000,000; and 9,000 4th stock acquisition rights at ¥103 per stock acquisition right for gross proceeds of ¥927,000; for aggregate gross proceeds of ¥166,347,000 on January 17, 2024. The transaction included participation from new investors Shin for 420,000 shares and 3,436 stock acquisition rights, Kushida for 200,000 shares and 1,636 stock acquisition rights, Komatsu for 130,000 shares and 1,064 stock acquisition rights, IMG Holdings for 350,000 shares and 2,864 stock acquisition rights. The potential shares from the issuance of stock acquisition rights will be 900,000 shares.

The exercise price of stock acquisition rights ¥151. The company will incur issuance expenses with respect to the transaction including ¥10,000,000 in attorney's fees and other administrative expenses (securities registration statement preparation costs, payments to third-party research institutions, fees for introducing the planned allottee to DC Create, and payment handling); and ¥5,000,000 for bank fees, change registration fees, etc. The company will issue securities through third party allocation method.

The transaction has been approved by board of directors of the company. The payment date for the transaction is February 9, 2024.