eREX Co.,Ltd. (TSE:9517) announced a private placement of 80,000 stock acquisition rights at the price of ¥353 per right for gross proceeds of ¥28,240,000 on September 7, 2020. The transaction will include participation from Mizuho Securities Co., Ltd., Investment Arm who will acquire 24,000 rights and SMBC Nikko Securities Inc., Investment Arm who will acquire 56,000 rights. The allocation is done through third party allocation. The right can be converted into 100 shares per stock acquisition at the price of ¥1,268 per share. The total issuance expenses would be ¥9,000,000 including conversion. The transaction is expected to close on September 23, 2020.