inspec Inc. (TSE:6656) announced a private placement for 4,400 10th stock acquisition rights at ¥1,230 per right for gross proceeds of ¥5,412,000 on October 5, 2017. The transaction will include participation from THE Kenko FUTURE Investment business limited liability partnership. The stock acquisition right is convertible into 440,000 common shares of the company at an exercise price of ¥1,261 per share. The company expects to close the transaction on October 31, 2017. The company will issue securities through third party allotment method. The transaction has been approved by the board of directors of the company.