SHINTO Holdings, Inc. (JASDAQ:2776) announced a private placement of 51,970 warrants at an issue price of JPY 225 per warrant for gross proceeds of JPY 11,693,250 on April 1, 2019. The warrants are exercisable into common shares at a price of JPY 122 per share and will receive proceeds of JPY 634,034,000 post exercise. The transaction will include participation from existing investors Samurai&J Partners Co.,Ltd (JASDAQ:4764) for 32,170 warrants and Leading Securities Co., Ltd. for 19,800 warrants.

The warrants exercise period is from May 9, 2019 to May 8, 2021. The transaction has been approved by board of directors of the company and is expected to close on May 8, 2019. The total number of issued shares of the Company as of January 31, 2019: 13,837,000 shares and 137,782 voting rights