In order to continue its research and development endeavors and scale up operations to prepare for mass production, Spiber Inc. has received 1.6004 billion yen through third-party allocation of new shares to organizations including The Dai-ichi Life Insurance Company, Limited, and Toyota Boshoku Corporation. Following the issuance of these new shares, the company’s total capital has increased to 16.24372 billion yen (including capital reserves).
The press release by The Dai-ichi Life Insurance Company, Limited, can be found
here (Japanese only).