21LADY Co., Ltd. (NSE:3346) announced a private placement to issue 739,300 shares at ¥50 per share and 7,392 series 6 warrants at ¥342 per warrant for total gross proceeds of ¥39,493,064 on March 19, 2015. The round will include participation from Ocean Wealth Crowd Limited Liability Co. The warrants issued as part of the transaction will carry an exercise price of ¥50 per share.

On closing of the transaction, the investor will hold 13.81% stake in the company. On exercise of the warrants, the investor will hold 21.64% stake in the company. The payment date of the transaction is July 1, 2015.

The company expects to incur certain issue expenses as part of the transaction. The transaction will take place through third party allocation.