Nichiryoku Co.,Ltd. announced a private placement to issue 32,000 stock acquisition rights at a price of ¥174 for gross proceeds of up to ¥5,568,000 on June 18, 2021. The transaction will include participation from Macquarie Group Limited. The transaction is expected to close on July 6, 2021.

The stock acquisition rights are convertible into 3,200,000 common shares of the company at an initial exercise price of ¥223 per share. The company will issue stock acquisition rights through third-party allotment. The stock acquisition rights are exercisable from July 7, 2021 to July 6, 2023.