Nakamura Choukou Co., Ltd. (TSE:6166) announced a private placement of 300,000 series 5 warrants at a price of ¥27 per share for the gross proceeds of ¥8,100,000 on November 14, 2017. The transaction will involve participation from FVC-EVO Growth Platform Fund Ltd., fund managed by Future Venture Capital Co., Ltd. (JASDAQ:8462). The warrant can be exercised from December 1, 2017 to February 9, 2018.

The allocation date of warrants is November 30, 2017. The company will pay issue expenses of ¥14,100,000. The warrants are issued through third-party allocation contract.

Board of Directors of the company approved the transaction on November 14, 2017.