Ahkun Co., Ltd. announced a private placement to issue 500 12th stock acquisition right securities at issue price of ¥100 per stock acquisition right for gross proceeds of ¥50,000 on January 31, 2022. The transaction will include participation from Nexpander Japan LLC for 500 stock acquisition rights. The transaction is expected to close on February 15, 2022.

The transaction is through third party allotment. The stock acquisition right is convertible into 50,000 common stock of the company at an exercise price of ¥588 per share for gross proceeds of ¥29,400,000. The exercise period starts from the fiscal year ending March 2023 to the fiscal year ending March 2028.

The company will pay approximate amount of deductions of JPY 26,450,000 including issuance costs of JPY 3,000,000. The transaction has been approved by the board of directors of the company.