Sagami Holdings Corporation (TSE:9900) announced a private placement of 38,000 pieces 2nd Stock Acquisition Rights at a price of ¥376 per piece for gross proceeds of ¥14,288,000 on November 19, 2020. The transaction included participation from Nomura Holdings, Inc. (TSE:8604). The Stock Acquisition Rights can be exercise into 3,800,00 common shares with an initial exercise price of ¥1,291.

The company will issue securities through third party allotment. There is no maximum strike price, but minimum exercise price is 904 yen. The transaction was approved by the board of directors.

The allocation date of the securities is on December 8, 2020.