SRS Holdings Co.,Ltd. announced a private placement of 34,662 units of series 2 stock acquisition rights at a price of ¥115 per share for the gross proceeds of ¥3,986,130 and 1st Series Unsecured Convertible Bonds with Stock Acquisition Rights for the gross proceeds of ¥5,000,000,000 for the gross proceeds of ¥5,003,986,130 on May 15, 2024. The warrants will have an exercise price of ¥1,154 per share. The transaction has been approved by the shareholders of the company in the board of directors meeting and is expected to close on June 4, 2024.

The bonds will have a zero coupon. The transaction will include participation from new investor, AAGS S11, L.P.