United & Collective Co., Ltd. (TSE:3557) announced that it will issue 3,000 units of 6th stock acquisition rights for at an issue price of ¥499 per warrant for gross proceeds of ¥1,497,000 and 3,000 units of 7th stock acquisition rights for at an issue price of ¥204 per warrant for gross proceeds of ¥612,000 for an aggregate gross proceeds of ¥2,109,000 on January 22, 2021. The transaction will involve participation from SBI Securities Co., Ltd., Investment Arm. The transaction has been approved by the board of directors meeting. The company will raise funds through third party allotment method. The transaction is expected to close on February 8, 2021. Post the closing, 600,000 potential shares will be issued after exercise of warrants. There is no maximum exercise price for either the 6th stock acquisition rights or the 7th stock acquisition rights. The exercise price of any of the stock acquisition rights may be adjusted in accordance with the conditions described in exercise price and adjustment conditions for exercise price. The initial strike price 6th stock acquisition rights ¥1,270 and 7th stock acquisition rights ¥1,551. The approximate amount of issuance expenses is ¥7,500,000 for total of attorney's fees, valuation calculation costs, trust bank costs, etc. The 6th stock acquisition rights and 7th stock acquisition rights will be exercised from February 9, 2021 to February 8, 2023 and February 9, 2021 to February 8, 2024, respectively.