Mobcast Holdings Inc. (TSE:3664) announced a private placement of 18,000 series 29 warrants at a price of ¥225 per warrant for proceeds of ¥4,050,000 on October 3, 2018. The transaction will involve participation from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm. The warrants can be potentially converted into 1,800,000 common shares of the company. The warrants have an initial exercise price of ¥585 per warrant. The transaction is expected to close on October 19, 2018.