Earth Corporation (TSE:4985) announced that it will issue 18,000 pieces of stock acquisition right at a price of ¥3,700 per stock acquisition right for a total gross proceeds of ¥66,600,000 on July 7, 2020. The stock purchase rights will be issued through third party allotment. Each stock acquisition right is convertible into 100 shares of common stock resulting in 1,800,000 common shares of the company for three years expiring July 28, 2023 from the date July 29, 2020. The initial exercise price of stock acquisition right is ¥8,070 and the lower exercise price is ¥5,649. The transaction will be expected to complete on July 28, 2020. The estimated amount of expense will be JPY 10,000,000 in the transaction.