gumi Inc. (TSE:3903) announced a private placement of 12,050 18th series warrants at a price of ¥200 per warrant for proceeds of ¥2,410,000 and 995 19th series warrants on March 9, 2018. The transaction will include participation from 33 investors, including directors, employees, subsidiaries’ directors and employees for 18th series warrants and 7 external cooperators for 19th series warrants. Each 18th series warrant is convertible into 100 shares of the company from August 1, 2020 to March 25, 2023 and 19th series warrant is convertible into 99,500 shares. The transaction is expected to close on March 26, 2018.