Applied Co., Ltd. (JASDAQ:3020) announced a private placement of 1,578 stock acquisition rights at a price of ¥2,110 per stock acquisition right for gross proceeds of ¥3,329,580 on July 9, 2020. The stock acquisition rights are exercisable into 157,800 shares which is equal to 100 shares per stock acquisition right at an initial exercise price of ¥4,415 per share. The transaction will include participation from Daiwa Securities Co., Ltd., Investment Arm through third-party allotment. The transaction has been approved by the board of directors of the company.