CellSeed Inc. (JASDAQ:7776) announced a private placement of 254,492 shares at ¥668 per share for ¥170,000,656 and 649 No. 9 prepaid warrants at ¥5,300 per warrant for ¥3,439,700 for gross proceeds of ¥173,440,356 on December 11, 2012. The company will receive net proceeds of ¥157,600,656 from issuance of shares. The securities will be subscribed by Milestone Capital Management Co., Ltd. as part of the third party allocation. The warrants will be exercisable at a price of ¥1,002,000 per share. The company will bear expenses of ¥47,100,000 including ¥6,000,000 for legal fees, warrant valuation, issue support related expenses, ¥36,500,000 for financial advisory expenses, and registration related expenses ¥3,000,000, and other expenses of share commissions, external examination expenses of ¥1,600,000. Expenses include the procedures to be completed on exercise of warrants. The issuance date is December 27, 2012. The board of the company approved the transaction.

On December 27, 2012, CellSeed Inc. closed the transaction.