SEKIDO Co., Ltd. (TSE:9878) announced that it has entered into an agreement for a private placement of 2,000,000 series 2 warrants at a price of ¥0.28 per warrant for ¥560,000 and 1,000,000 series 3 warrants at a price of ¥0.32 per warrant for ¥320,000, for aggregate gross proceeds of ¥880,000 on May 29, 2017. The transaction will include participation from Evo Fund, a fund managed by Evolution Capital Management, LLC for all the series 2 warrants and 500,000 series 3 warrants, Hurray Holdings Inc. for 250,000 series 3 warrants, and Aucfan Co., Ltd. (TSE:3674) for 250,000 series 3 warrants. The warrants will be issued by third party allocation.

The series 2 warrants will have an exercise price of ¥78 per share from June 15, 2017 to July 5, 2018. The series 3 warrants will have an exercise price of ¥86 per share from June 15, 2017 to June 14, 2020. The allocation date is June 14, 2017.