Hottolink, Inc. (TSE:3680) announced a private placement of 926,700 shares at ¥545 per share for proceeds of ¥505,051,500 and 20,276, 18th series warrants at ¥400 per warrant for proceeds of ¥8,110,400 for aggregate gross proceeds of ¥513,161,900 on January 13, 2016. The warrants are exercisable into 2,027,600 shares at ¥545 per share from January 29, 2016 to January 28, 2018. The transaction will include participation from Oak Capital Corporation for 734,000 shares and 18,349 warrants, existing investors, Salesforce.com, Inc. for 170,300 shares, UK LLC for 183,500 shares and 1,835 warrants, and Fujiyo Ishiguro 9,200 shares.

The settlement date for the transaction is January 29, 2016. Upon completion of the transaction and exercise of the warrants UK LLC will hold 2.28% stake in the company, Salesforce.com, Inc. will hold 3.46% stake, Oak Capital Corporation will acquire 19.74% stake in the company. The transaction has been approved by the company's board of directors.

The company will issue securities through third party allotment method.