WonderCorporation (JASDAQ:3344) announced a private placement of 1,980,000 shares at a price of ¥835 per share for the gross proceeds of ¥1,653,300,000 on January 19,2018. The transaction will involve participation from existing investor RIZAP GROUP, Inc. (SPSE:2928). The company will pay ¥13,000,000 as offering expenses for creation of documents such as the securities registration statement, attorney fees, advisory fees and other various expenses.

The payment of shares is between March 29, 2018 and May 31, 2018. The shares will be issued through third party allotment method. The transaction was approved by board of directors.