PiPEDO HD, Inc. (TSE:3919) announced a private placement of 2,500 series 5 warrants at a price of ¥1,191 per warrant and 2,500 series 6 warrants at a price of ¥1,158 per warrant for aggregate gross proceeds of ¥5,872,500 on April 10, 2018. The transaction will involve participation from Macquarie Bank Limited. The company will issue the warrants by a way of third party allotment. The 5th and 6th series warrants can be potentially converted into 250,000 shares each. The warrants have an exercise price of ¥1,800 per warrant. The warrants can be exercised from April 26, 2018 to April 24, 2020. The transaction is expected to close on April 26, 2018.