Nuts Inc. (JASDAQ:7612) announced that it will issue 186,000 units series 6 pre-paid warrants at issue price of ¥172 per warrant for gross proceeds of ¥31,992,000 on May 24, 2019. The warrants can be exercised to purchase 18,600,000 shares at exercise price of ¥128 per share. The transaction is expected to close on June 10, 2019. The warrants can be exercised from June 11, 2019 to June 10, 2021. The company can incur an expense of ¥10,864,772 in relation to the transaction. The transaction will be through third-party allotment. The transaction has been approved by the board of directors.