Arkcore, Inc. (NSE:3384) announced a private placement of 3,375 series 5 warrants at ¥381 per warrant for gross proceeds of ¥1,285,875 on August 16, 2017. Each warrant is exercisable into 100 shares at exercise price of ¥348 per share from October 11, 2017 to October 10, 2019. The warrants will be allotted through third party allocation to AK Capital Co., Ltd. The transaction is expected to be completed by October 11, 2017. The transaction has been approved by board of directors of the company. The company will convene its extraordinary shareholders’ meeting on October 10, 2017 to obtain the approval.