tella, Inc. (JASDAQ:2191) announced a private placement of 409,900 common shares at a price of ¥488 per share for gross proceeds of ¥200,031,200 and 30,000 18th series warrants at a price of 310 per warrant for gross proceeds of ¥9,300,000, for aggregate gross proceeds of ¥209,331,200 on June 13, 2018. The transaction will include participation from E-4B Investments Co., Ltd. Each warrant will entitle the holder to purchase 100 common shares at an exercise price of ¥530 per share for a period from July 2, 2018 to July 1, 2020. The transaction was approved by board of directors of the company. The transaction is expected to close on June 29, 2018.