Mortgage Service Japan Limited (TSE:7192) announced a private placement of 16,000 2nd stock acquisition rights at ¥316 per warrant for gross proceeds of ¥5,056,000 on September 4, 2020. The transaction will involve participation from Mizuho Securities Principal Investment Co., Ltd. The application period for warrants is September 23, 2020. The warrants will be exercisable into 1,600,000 common shares of the company at an initial exercise price of ¥1,264 per share. The minimum exercise price of warrants is ¥885 per share, there is no maximum exercise price. The warrants will be exercisable for approximately two years. The company will receive a total of ¥2,022,400,000 through issue and exercise of warrants. The approximate issuance cost ¥7,500,000. The investor cannot exercise the stock acquisition rights from September 25, 2020 to March 25, 2022, and the transaction date. The stock acquisition rights cannot be transferred. The company will issue securities through third-party allotment. The company will enter into third party allotment agreement. The transaction is subject to the approved by board of directors of the company. The allotment and payment date is September 23, 2020.