Prored Partners CO.,LTD. (TSE:7034) announced a private placement of 2,500 4th stock acquisition rights at an issue price of ¥2,945 per stock acquisition right for gross proceeds of ¥7,362,500 on December 16, 2019. The transaction will involve participation from Mizuho Securities Co., Ltd., Investment Arm. Each stock acquisition right is exercisable into 100 common shares at an initial exercise price of ¥8,020 and will receive proceeds of ¥2,004,962,500 post exercise. The stock acquisition rights are issued through a third party allotment method. The transaction will take place through third party allocation. The transaction is expected to close on January 8, 2020. The transaction has been approved by the board of directors of the company.