CyberStep, Inc. (TSE:3810) announced a private placement of 10,000 series 32 warrants at a price of ¥1,289 per warrant for gross proceeds of ¥12,890,000 on April 24, 2018. The transaction will involve participation from Mizuho Securities Co., Ltd. The warrants will be exercisable at an exercise price of ¥2,780 between May 11, 2018 to May 11, 2020. The warrants can be potentially converted into 1,000,000 shares. The warrants cannot be transferred by the investor without the approval of the company. The transaction is expected to close on May 10, 2018. The transaction has been approved by the board of directors of the company.