MEDINET Co., Ltd. announced a private placement of 340,000 18th stock acquisition rights at ¥66 per stock acquisition right for gross proceeds of ¥22,440,000 on August 16, 2021. The transaction included participation from returning investor Macquarie Bank Limited, Investment Arm. The potential shares from the issuance of stock acquisition rights will be 34,000,000 shares. The initial exercise price of stock acquisition rights ¥78.85 for a period from September 2, 2021 to September 1, 2023. The transaction will happen through third party allocation. The company will incur issuance expenses with respect to the transaction including registration and license taxes, attorney's fees, fair value calculation costs for the stock acquisition rights, securities registration statement preparation costs, etc. The issue date for stock acquisition rights will be September 1, 2021. The transaction has been approved at board of directors’ meeting of the company.