CREA HOLDINGS,Inc. (TSE:1757) announced a private placement of 12,500,000 common shares at an issue price of ¥16 per share for gross proceeds of ¥200,000,000 and 618,048 series 24 warrants at an issue price of ¥18 per share for gross proceeds of ¥11,124,864; for an aggregate gross proceeds of ¥211,124,864 on December 26, 2019. The transaction will include participation from returning investor, MT Capital Management Co., Ltd. and Orion No.1 Fund L.P., a fund managed by Cenote Capital Co., Ltd. for 6,250,000 shares each and 309,024 units of warrants each. The warrants are exercisable into approximately 61,804,800 common shares at an initial exercise price of ¥16 per share and will receive proceeds of ¥988,876,800 post exercise. The company will incur expenses in the transaction, registration-related expenses of ¥4,650,000, valuation expenses of stock acquisition rights of ¥1,500,000, and other administrative expenses of general shareholders' expenses, support for preparing securities registration documents, etc. of ¥7,650,000. The transaction will take place through third-party allocation. The transaction is expected to close on February 21, 2020.