Shinto Holdings, Inc. (JASDAQ:2776) announced a private placement for gross proceeds of ¥ 460,144,060 on June 22, 2018. The company will issue 2,227,000 common shares at a price of ¥202 per share for gross proceeds of ¥449,854,000 and 5,197,000 warrants at a price of ¥1.98 per share for gross proceeds of ¥10,290,060. The warrants will be exercisable into common shares of the company at ¥2.02 per share from July 11, 2018 to July 10, 2021.

The transaction will involve participation from Samurai&J Partners Co.,Ltd. (JASDAQ:4764) for all shares and 1,980,000 warrants and Leading Securities Co., Ltd. for 3,217,000 warrants. The transaction has been approved by the board of directors of the company. The securities will be issued by a way of third party allocation.

The payment date for shares is July 9, 2018 and warrant is July 10, 2018.