Marvelous Inc. (TSE:7844) announced a private placement of 1,401,900 common shares at a price of ¥214 per share for gross proceeds of ¥300,006,600 and 46,729 6th stock acquisition rights at a price of ¥216 per stock acquisition right for proceeds of ¥10,093,464 for aggregate gross proceeds of ¥310,100,064 on May 25, 2020. The transaction has been approved by the board of directors of the company. The securities are issued through third party allotment method. The company will bear an issuance expenses of ¥6,680,000, bring the net proceeds to ¥293,326,600. The transaction is expected to close from June 10, 2020. The 21st stock acquisition rights have an exercise price of ¥214 per warrant