Tella, Inc. (JASDAQ:2191) announced a private placement of 30,000 series 17 warrants at ¥83 per warrant for ¥2,490,000 on December 13, 2016. The warrants will be allotted by December 29, 2016. Each warrant is exercisable into 100 shares at ¥597 per warrant from December 30, 2016 to January 4, 2019. The company will incur issue expenses including warrant issuance legal expenses, evaluation calculation expenses and trust bank expenses in connection with the transaction. The warrants will be allotted to Morgan Stanley MUFG Securities Co., Ltd. by third party allotment method. The board of directors have approved the transaction.