Almedio Inc. (TSE:7859) announced a private placement of 2,800 7th stock acquisition rights at an issue price of ¥1,300 per stock acquisition right for gross proceeds of ¥3,640,000. The transaction will include participation from returning investor Milestone Capital Management Co., Ltd. Each 7th stock acquisition right is exercisable into 1,000 common shares at a initial exercise price of ¥138 and will receive proceeds of ¥390,040,000 post exercise. The stock acquisition rights are issued through a third party allotment method. The warrant exercise period is from October 7, 2019 to October 6, 2021. The transaction has been approved by the board of directors and is expected to close on October 7, 2019.