Twinbird Corporation (TSE:6897) announced that it will issue 18,000 units at a price of ¥287 for gross proceeds of ¥5,166,000 on August 24, 2020. The transaction included participation from SMBC Nikko Securities Inc. The initial exercise price of ¥764 and minimum exercise price of ¥459. The transaction is expected to close on September 9, 2020. The company will receive funds through third party allotment of capital.