Valuedesign Inc. (TSE:3960) announced it has entered into an agreement for private placement of 3,833 pieces of 11th stock acquisition rights at issue price of ¥2,500 per stock acquisition right for gross proceeds of ¥9,582,500 on August 18, 2020. The transaction will include participation from Milestone Capital Management Co., Ltd. The transaction is expected to close on September 3, 2020. The stock acquisition rights are convertible into 383,300 common shares of the company at an initial exercise price of ¥3,069 per share. The company will issue stock acquisition rights through third-party allotment. The transaction has been approved by the board of directors of the company. The company will pay stock acquisition right evaluation fees and other costs. The company will issue the shares through third party capital allotment.