FUJITA CORPORATION Co.,Ltd. announced that it expects to receive ¥1.296 million in funding from Evolution Capital Management, LLC
November 28, 2019
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FUJITA CORPORATION Co.,Ltd. (JASDAQ:3370) announced a private placement of 400,000 series 3 warrants at a price of ¥3.24 per warrant for gross proceeds of ¥1,296,000 on November 29, 2019. The warrants issued are exercisable into 400,000 common shares at an exercise price equivalent to 50% of closing price of the common shares of the company for minimum proceeds of ¥395,600,000. The warrant will be exercisable from December 24, 2019 to December 23, 2020. The transaction will include participation from returning investor Evo Fund a fund managed by Evolution Capital Management, LLC. The company will issue securities through third party allotment. The company expects to close the transaction on December 23, 2019.
FUJITA CORPORATION Co., Ltd. is principally engaged in the operation of food business. The Company operates in two business segments. The Food segment is engaged in the operation of franchised and original brand business, including fast food business. The Product Sales segment is engaged in the sale of products and the operation of Internet cafes, including franchised and original brand business.
FUJITA CORPORATION CO.,LTD. 
