Nextware Ltd. (JASDAQ:4814) announced a private placement of 36 units of 1st series unsecured convertible bonds with warrants at ¥5,000,000 per unit and 40 8th series warrants at ¥50,000 per warrant for gross proceeds of ¥182,000,000 on February 12, 2015. Each unit will consist of one bond and a warrant. Each warrant will entitle the holder to purchase 27,173 shares of the company and will be exercisable through March 4, 2015 to March 3, 2017.

The bonds will be issued at par and will be redeemable on March 3, 2017. Each bond will be convertible into common shares of the company at ¥184 per share. The units will be subscribed by Dream No.

7 Fund L.P. Each 8th series warrant will entitle the holder to purchase 27,800 common shares of the company at ¥198 per share through March 4, 2015 to March 3, 2017. The 8th series warrants will be subscribed by the underwriter. The company will bear various issue expenses such as legal fees, credit investigation expenses, evaluation costs for the bonds with stock acquisition rights and warrants, registration expenses, and financial advisory fees.

The securities will be issued through third party allocation. On the same date, the transaction was approved by the board of directors of the company.