Kudan announced a private placement to issue 10,000 units of Series 18 stock acquisition rights at an issue price of ¥?577 per unit for the gross proceeds of ¥?5,770,000 on June 3, 2024. The transaction will include participation from new investor Growth Capital. The transaction has been approved by shareholders, and is expected to close on June 19, 2024.

The company has disclosed the issue expenses of ¥?14,000,000 i.e. ¥3,025,770,000 and issue expenses of ¥?14,000,000 and net proceeds of ¥?3,011,770,000. The exercise price of the rights is ¥1,812 and starts from the allotment date to June 18, 2027.