Pado Corporation (JASDAQ:4833) announced a private placement of 50,000 units of series 1 stock acquisition right at an issue price of ¥170 per unit for gross proceeds of ¥8,500,000 on March 25, 2020. The transaction will involve participation from SBI SECURITIES Co., Ltd. The company will issue security through third party allotment method. The warrants will be exercised into 5,000,000 shares at an exercise price of ¥27,500 for ¥137,500,000,000. The exercise period is from April 13, 2020 till April 12, 2022. The transaction is expected to close on April 10, 2020. The transaction has been approved in the board of directors.