Asj Inc. (TSE:2351) announced a private placement of 9,100 second stock acquisition rights at a price of ¥990 each for gross proceeds of ¥9,009,000 on October 19, 2020. The transaction will include participation from returning investor SMBC Nikko Securities Inc., Investment Arm rights through third party allotment. The initial exercise price is ¥ 1,102. There is no maximum strike price.The minimum strike price is ¥ 77. The transaction has been approved by the board of directors and is expected to close on November 4, 2020.