Ultrafabrics Holdings Co.,Ltd. announced that it expects to receive ¥1.9425 billion in funding
January 22, 2017
Share
Ultrafabrics Holdings Co.,Ltd. (JASDAQ:4235) announce the private placement of 1,850,000 Type A preferred shares at JPY 1,050 per share for gross proceeds of JPY 1,942,500,000 and Series 6 Warrants OF 1,200,000 for exercise price of JPY 1,024 on January 23, 2017. The transaction includes participation from individual investors, Clay Rosenberg for 1,179,300 shares, and Danielle Boecker-Primack for 670,700 shares. The shares will be issued through third party allotment method.
Ultrafabrics Holdings Co.,Ltd., formerly Daiichi Kasei Co.,Ltd., is a Japan-based company engaged in manufacture and sale of polyurethane leather. There are four main uses for polyurethane leather products. Products for furniture are applied to chairs and other high-end office furniture mainly in North America, and the contract furniture used in hotels, restaurants, theaters. Automobiles products are sold as interior materials such as automobile gear shift boots and wear-resistant seats. Aircraft products are sold mainly as interior materials for private jets (business jets). Other products are sold mainly as interior materials of golf gloves, clothing materials, recreational vehicles (RVs), trucks and boats. The Company mainly sells products in Japan, North America, Europe and other regions.
ULTRAFABRICS HOLDINGS CO.,LTD. 
