Signpost Corporation (TSE:3996) announced a private placement of 15,700 series 8 stock acquisition rights at an issue price of ¥539 per right for gross proceeds of ¥8,462,300 on August 4, 2020. The transaction will involve participation from Ichiyoshi Securities Co., Ltd., Investment Arm. The stock acquisition rights are exercisable into approximately 1,570,000 common shares at an initial exercise price of ¥1,264 and will receive proceeds of ¥1,984,480,000 post exercise. The stock acquisition right, exercise period is from August 21, 2020 to July 7, 2022. The transaction will take place through third-party allocation. The transaction is expected to close on August 20, 2020.