Naigai Tec Corporation (JASDAQ:3374) announced that it has entered into third party allotment agreement with existing investor Mizuho Securities Co., Ltd. private placement of 6,000 first stock acquisition rights at a price of ¥1,146 per right for gross proceeds of ¥6,876,000 on November 20, 2020. The rights are exercisable at ¥2,405 per share for 600,000 shares from December 8, 2020 to December 7, 2022. The investor will acquire up to 20.43% stake upon exercise of rights. The expected payment date is December 7, 2020. The transaction has been approved by the board of directors of the company.