Nextware Ltd. (JASDAQ:4814) announced a private placement of 28 units of series 2 unsecured convertible bonds at ¥5,000,000 per bond for proceeds of ¥140,000,000 and 32 units of series 9 warrants at ¥109,375 per warrant unit for proceeds for ¥3,500,000 for gross proceeds of ¥143,500,000 on February 3, 2017. The transaction will include participation from Dream 10 Fund L.P. Each unit of bonds is exercisable for 22,727 shares. Each unit of the bond is convertible at a fixed conversion price of ¥220 per share. The exercise period is from February 22, 2017 to February 21, 2020. The bonds will mature on February 20, 2020. The bonds are redeemable at a redemption price of ¥100 per ¥100 of the face value of the bond. The company will issue bonds at par. Each warrant unit is exercisable for 21,300 shares and is exercisable for ¥5,005,500 per unit. The warrants are exercisable from February 22, 2017 to February 21, 2020. The payment date is February 21, 2017. The transaction has been approved by the board of directors of the company. The company will issue securities through third party allocation method.