AppBank Co., Ltd. (TSE:6177) announced a private placement of 10,000 series 4 warrants at a price of JPY 408 per warrant and 1,000 series 5 warrants at a price of JPY 366 per warrant for gross proceeds of JPY 4,446,000 on August 29, 2018. The transaction will involve participation from Inflexion II Fund L.P. for 8,420 series 4 warrants and 1,580 series 5 warrants and Flagship Asset Management Investment Partnership No. 73 for 842 series 4 warrants and 158 series 5 warrants. The series 4 warrants being issued are exercisable at an initial exercise price of JPY 557 and minimum exercise price of JPY 279, and series 5 warrants being issued are exercisable at a price of JPY 557.