Ryoyo Electro Corporation (TSE:8068) announced a private placement of 28,000 4th stock acquisition rights at a price of ¥681 per right for proceeds of ¥19,068,000 with new investor Daiwa Securities Co. Ltd. on June 10, 2021. The number of potential shares per stock acquisition right is 100, resulting in 2,800,000 potential shares exercisable at initial exercise price of ¥2,400 per share. The rights can be exercised from June 29, 2021 to June 29, 2023. The transaction has been approved by the board of directors. The warrants will be allotted on third part capital allotment basis. The expected payment date is June 28, 2021.