Srs Holdings Co.,Ltd. (TSE:8163) announced a private placement of 67,000 stock acquisition rights at an issue price of ¥245 per right for gross proceeds of ¥16,415,000 on November 11, 2020. The transaction will include participation from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm. The stock acquisition rights are exercisable into 6,700,000 shares which is equal to 100 shares per stock acquisition right at an initial exercise price of ¥922 per share, exercisable between November 30, 2020 to February 26, 2021. The transaction has been approved in the board of directors meeting of the company. The securities to be issued are subject to transfer restriction. The company will issue securities using third party allocation method. The transaction is expected to close on November 27, 2020.