AltPlus Inc. announced that it expects to receive ¥18.276 million in funding from SBI Securities Co., Ltd., Macquarie Bank Limited
August 29, 2018
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AltPlus Inc. (TSE:3672) announced that it will issue 28,000 series 5 warrants at a price of ¥557 per warrant for gross proceeds of ¥15,596,000 and 5,000 series 6 warrants at a price of ¥536 per warrant for gross proceeds of ¥2,680,000, for aggregate gross proceeds of ¥18,276,000 on August 30, 2018. The transaction will include participation from SBI Securities Co., Ltd. and existing investor Macquarie Bank Limited for 14,000 series 5 warrants and 2,500 series 6 warrants each. Each warrant is exercisable for 100 common shares during September 18, 2018 to September 17, 2020. Series 5 warrants is exercisable at ¥906 and series 6 warrant is exercisable at ¥1,200 per warrant. The company will receive ¥3,155,076,000 on exercise of warrants. The company will pay total expenses of ¥34,294,400 as legal expenses, warrant evaluation expenses, securities registration statement creation fees and change registration expenses. The expected allotment date is September 18, 2018. The transaction has been approved by the board of directors of the company.
AltPlus Inc. is a Japan-based company mainly engaged in the entertainment and solution business. The Company is engaged in the game business that develops and operates game applications for smartphones, game support business that provides various services for social game business companies, as well as the development business that conducts development consultation of other company web services. The game business provides social games in application market. The game support business provide various solutions that are necessary for developing and managing games, such as providing human resources. The development business engages in offshore entrusted development, the sales of integrated security solution DxShield, the provision of services such as game infrastructure management service GIMS, including the design, construction and operation of infrastructure.
ALTPLUS INC. 
