Sanko Marketing Foods Co., Ltd. (TSE:2762) announced a private placement of 1,111,200 common shares at ¥270 per share for gross proceeds of ¥300,024,000 and 62,964 stock acquisition rights for ¥135 per stock acquisition rights for gross proceeds of ¥8,500,140; for an aggregate gross proceeds of ¥308,524,140 on May 27, 2021. The stock acquisition rights are convertible into 6,296,400 common shares of the company at an initial exercise price of ¥135 per stock acquisition right. The exercise period of stock acquisition rights is between From June 14, 2021 to June 13, 2023. The company will issue stock acquisition rights through third-party allotment. The transaction will include participation from existing individual investor Takahiro Hirabayashi for 740,800 shares, Sterling Securities Co., Ltd. for 370,400 shares and 33,334 stock acquisition rights and Kanda Consulting Ltd. for 29,630 stock acquisition rights. The transaction has been approved by the board of directors. The transaction is expected to close on June 14, 2021.The company will incur issuance expenses of ¥3,255,000 for common shares.