SEKIDO Co., Ltd. (TSE:9878) announced a private placement of 790,000 warrants in 4th stock acquisition right at an issue price of ¥1.395 for gross proceeds of ¥1,102,050; 790,000 warrants in 5th stock acquisition right at an issue price of ¥1.346 for gross proceeds of ¥1,063,340; 790,000 warrant in 6th stock acquisition right at an issue price of ¥1.229 for gross proceeds of ¥970,910; for an aggregate gross proceeds of ¥3,136,300 on May 27, 2020. The transaction will involve participation from existing investor, Evo Fund, a fund managed by Evolution Capital Management, LLC. The warrants are exercisable into approximately 2,360,042 common shares at an initial exercise price of ¥388 and will receive proceeds of ¥915,696,300 post exercise. The transaction is expected to close on June 12, 2020.