Issuance of Stock Acquisition Rights and Unsecured Convertible Bond-Type Bonds with Stock Acquisition Rights Through a Third-Party Allotment

「This was mainly due to ¥495.052 million in proceeds from the issuance of convertible bond-type bonds with stock acquisition rights.」

「At a meeting of the Board of Directors held on 12 May 2023, we resolved to solicit, by way of a third-party allotment, the 8th series of stock acquisition rights of rakumo Co., Ltd. (the "Stock Acquisition Rights") and the 1st series of unsecured convertible bond-type bonds with stock acquisition rights of rakumo Co., Ltd. (the "Convertible Bonds with Stock Acquisition Rights," with the bond portion referred to as the "Bonds" and the stock acquisition rights portion referred to as the "Convertible Bond-Type Stock Acquisition Rights") for the purpose of applying the proceeds to (1) acquisition funding for アイヴィジョン, (2) personnel expenses for securing human resources in connection with business expansion, (3) development costs for new products and additional functions, (4) cloud server costs associated with business expansion, (5) advertising and sales promotion expenses for business expansion, and (6) other working capital or funds for investments and financing to expand the business.」