Fuji Seiki Co., Ltd. (JASDAQ:6400) announced a private placement of 170 units of 1st series warrants at ¥6,920 per unit with Milestone Capital Management Co., Ltd. for gross proceeds of ¥1,176,400 on April 19, 2013. Each unit of warrant will entitle the holder to purchase an additional 10,000 shares of the company at a fixed exercise price of ¥100 per share. The company may issue a maximum of 1,700,000 shares upon exercise of warrants.

The warrants will be issued through third party allocation. On the same date, the transaction was approved by the board of directors of the company. The application date and the settlement date for the transaction is May 7, 2013.