QD Laser, Inc. announced a private placement of 51,360 units of 16th stock acquisition rights at a price of Ñ25 per unit for gross proceeds of Ñ1,284,000 on December 14, 2022. The transaction will include participation from Credit Suisse Securities (Japan) Limited. Each stock acquisition right is exercisable into 100 common shares of the company.

The stock acquisition rights carry an initial exercise price of Ñ686. The exercise period is from January 4, 2023 to January 6, 2025. The company will raise the funding through third party allotment method.

The transaction has been approved by the board of directors of the company, and is expected to close on December 30, 2022.