CRI Middleware Co., Ltd. (TSE:3698) announced a private placement of 3rd series unsecured convertible bonds and warrant for gross proceeds of ¥1,019,900,000 on June 30, 2017. The company will issue 40 units of warrants at an issue price of JPY 25,497,500 in the transaction. The transaction included participation from Whiz Asia Evolution Fund, a fund managed by Whiz Partners Inc. Issue expenses amounted for JPY 10,000,000.