Almedio Inc. (TSE:7859) announced a private placement of 2,300 series 4 warrant units at a price of JPY 4,800 per unit for gross proceeds of ?¥?11,040,000 on September 4, 2017. The transaction will involve participation from Milestone Capital Management Co., Ltd. The initial exercise price of the warrants is ?¥?229 and the minimum exercise price is ?¥?174. The warrants can be potentially converted into 2,300,000 shares. The exercise period for the warrants will be between September 21, 2017 and September 20, 2019. The company will bear issue expenses including warrants appraisal expenses, registration-related expenses, and other various other expenses like stock administration fee, external investigation expenses. The transaction is expected to close on September 21, 2017. The warrants will be issued by third party allocation.