Mobcast Holdings Inc. (TSE:3664) announced a private placement of 60,000 series 32 warrants at a price of ¥88 per warrant for proceeds of ¥5,280,000 on March 9, 2020. The transaction will involve participation from SBI Securities Co., Ltd., Investment Arm. The warrants are exercisable into 6,000,000 common shares at an initial exercise price of ¥257 per warrant and will receive proceeds of ¥1,542,000,000 post exercise. The warrant exercise period is from March 26, 2020 to March 25, 2022. The transaction will take place through third-party allocation. The transaction is expected to close on March 25, 2020. The transaction has been approved at the board of directors of the company.