Japan PC Service Co.,Ltd. (NSE:6025) announced a private placement of 130,000 common shares at a price of ¥762 per share for proceeds of ¥99,060,000 and 1,300 series 1 warrants at a price of ¥745 per warrant for proceeds of ¥968,500 for total gross proceeds of ¥100,028,500 on July 18, 2018. The transaction will include participation from the returning investor Okwave (NSE:3808). The warrants will be exercised into shares at a price of ¥7.45 per share between August 10, 2018 to August 9, 2020.

The payment date of the transaction is August 9, 2018. The company has paid ¥1,600,000 for expenses for appraisal of warrants and ¥1,295,000 for commissions for share related administrative work or expenses for change of registration or legal fees. The documents are submitted to Securities Registration Statement.

The transaction is approved by the board of directors.