MEDINET Co., Ltd. (TSE:2370) announced a private placement of 190,000 units 17th stock acquisition rights at a price of ¥127 per share for the gross proceeds of ¥24,130,000 with returning investor Macquarie Bank Limited, Investment Arm on August 21, 2020. The 17th stock acquisition rights will be converted into 19,000,000 shares at a price of ¥100 per stock acquisition right. The minimum exercise price of stock acquisition rights is ¥54 and the initial exercise price ¥101.12. The exercise period is from September 8, 2020 to September 7, 2022. The transaction has been approved by board of directors of the company. The transaction is expected to close on September 7, 2020.