TKP Corporation announced that it expects to receive ¥57.031205 million in funding from Daiwa Securities Co., Ltd., Investment Arm
January 13, 2021
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TKP Corporation (TSE:3479) announced a private placement of 39,743 units 7th stock acquisition rights at an issue price of ¥772 per stock acquisition right for proceeds of ¥30,681,596 and 39,743 units 8th stock acquisition rights at an issue price of ¥663 per stock acquisition right for proceeds of ¥26,349,609 for an aggregate gross proceeds of ¥57,031,205 on January 14, 2021. The transaction will include participation from Daiwa Securities Co., Ltd., Investment Arm. The warrants will be converted into 7,948,600 shares in total which is 100 shares per stock acquisition right. The initial exercise price is the closing price of the ordinary trading of the Company's common stock on the Tokyo Stock Exchange, Inc. on January 13, 2021, or the trading day immediately before the condition determination date. The amount equivalent to the higher of the closing price of the ordinary trading of the Company's common stock on the Tokyo Stock Exchange. Allotment date can be any day from February 4, 2021 to February 9, 2021. The company will issue securities using third party allocation method. The warrants can be exercised from allotment date until February 5, 2024.
TKP Corporation is a Japan-based company mainly engaged in space regeneration distribution business by utilizing idle real estate. It is mainly engaged in meeting rooms and banquet halls leasing services. It manages rental conference rooms through TKP Rental Conference Room Net which is a tool to attract customers. Meeting rooms are used for conferences, seminars and lectures, training, examinations, social gatherings, exhibitions. Rooms are mainly located in metropolitan areas such as Tokyo, Sapporo, Fukuoka, Nagoya, Kyoto, Osaka, Hiroshima, New York and New Jersey. It also provides related services such as drinks and catering, rental options, lodging, event production and management support. Optional services rent meeting equipment. Accommodation service operates new style business hotels with meeting room facilities. It also provides building management services, telemarketing services, medical association operation consulting services and event production services.
TKP CORPORATION 
