Pixel Companyz Inc. (JASDAQ:2743) announced a private placement of 1,000,000 common shares at a price of ¥303 per share and 30,000 8th series warrants at a price of ¥480 per warrant for aggregate gross proceeds of ¥317,400,000 on April 9, 2018. The transaction will involve participation from Koho Shien Investment Limited Partnership. The company will issue the securities by a way of third party allotment. The warrants will have an exercise price of ¥303 per share and will be exercisable from April 25, 2018 to April 24, 2019. The company reported issuance expenses of ¥5,000,000 including securities registration statement creation expenses of about ¥500,000, recipient inspection expenses of about ¥200,000, warrant calculation expenses of ¥3,000,000, legal expenses of ¥1,000,000, and other expenses of ¥300,000. The transaction is expected to close on April 25, 2018. The transaction has been approved by the board of directors of the company.