Samurai&J Partners Co.,Ltd. (JASDAQ:4764) announced a private placement of 357,000 series 15 warrants at a price of ¥140 per warrant for gross proceeds of ¥49,980,000 on March 27, 2019. The transaction will involve participation from J Trust Co., Ltd. (TSE:8508) for 214,200 warrants and KeyHolder, Inc. (JASDAQ:4712) for 142,800 warrants. The excecise period of warrants is of five years from May 7, 2019 to May 6, 2024.

The company will issue warrants through third party allocation method. The company requested a third party organization, Plutus Consulting Co., Ltd., for a calculation of the fair value of the issue price for the warrants. The transaction involves issue expenses, legal fees, registration related expenses, including registration license tax, anti social forces investigation expenses and other administrative expenses of ¥23,980,000.

The company expects to raise net proceeds of ¥5,024,000,000, post the closing of the transaction. The transaction is expected to close on April 26, 2019.