Fisco Cryptocurrency Exchange Inc. announced a private placement of common shares for gross proceeds of ¥45,000,000 on August 2, 2016. The transaction will include participation from existing investors FISCO Ltd. (JASDAQ:3807) and Sequedge International Limited for ¥15,000,000 and ¥30,000,000 respectively. The payment date of the transaction is August 15, 2016. Out of the total proceeds to be received, ¥22,500,000 will be contributed to the capital and ¥22,500,000 will be contributed to the capital reserve of the company. Post the closing, the total capital of the company will be ¥52,500,000. Pursuant to the transaction, the investors will acquire a stake of 42.857143% in the company. The transaction has been approved by the board of directors of the company. Pursuant to the transaction, FISCO Ltd. (JASDAQ:3807) will acquire a stake of 28.567143% in the company. Post the closing, Sequedge International Limited will hold 47.62% stake up from 33.33% and the stake of FISCO Ltd. (JASDAQ:3807) will dilute from 50% to 42.86% in the company.