Danto Holdings Corporation announced a private placement of 33,000 first series of stock acquisition rights at a price of ¥86 per warrant for the gross proceeds of ¥2,838,000 on May 15, 2024. The warrants will be exercisable into 300,000 shares at an exercise price of ¥382 per share. The transaction will include participation from Evo Fund, a fund managed by, Evolution Capital Management LLC.

The transaction has been approved by the shareholders of the company and is expected to close on May 31, 2024. The stock acquisition rights will be allotted through third party method of allotment.