Red Planet Japan, Inc. (JASDAQ:3350) announced that it has entered into a purchase agreement with existing investor Evo Fund, a fund managed by Evolution Capital Management, LLC for private placement of 300,000 common shares at a price of ¥133 per share for proceeds of ¥39,900,000 and 40,000 units of series 8 warrants at a price of ¥78 per warrant for proceeds of ¥3,120,000, for aggregate gross proceeds of ¥43,020,000 on July 9, 2019. The warrants will be exercisable into 4,000,000 shares at a price of ¥133 per share between July 26, 2019 to June 25, 2020. The expected payment date for shares and warrants is July 25, 2019. The company issued the shares through third party capital allotment method. The company incurred issue expenses of ¥7,000,000 for legal, appraisal, and trust bank expenses. The transaction has been approved by the board of directors.