Nippon Ichi Software, Inc. announced that it expects to receive ¥3.13875 million in funding from Daiwa Securities Co. Ltd.
Nippon Ichi Software, Inc. (JASDAQ:3851) announced a private placement of 3,750 series 6 warrants at a price of ¥837 per warrant for gross proceeds of ¥ 3,138,750 on May 17, 2019. The transaction will include participation from Daiwa Securities Co. Ltd.. The warrants are exercisable from June 4, 2019 to June 3, 2021 with an exercise price of ¥1,532. The transaction is expected to close on June 3, 2019. Board of directors of the company have approved the transaction.